War games: a North Korean propaganda video shows on September 26,2017 shows a B-1B bomber hit by a missile. But military analysts say North Korea doesn't have the capability or intent to attack US  bombers and fighter jets. DPRK Today via AP
War games: a North Korean propaganda video shows on September 26,2017 shows a B-1B bomber hit by a missile. But military analysts say North Korea doesn't have the capability or intent to attack US boShow more

North Korea bolsters defences and the war talk heats up



North Korea appears to have boosted defences on its east coast after taking US president  Donald Trump's  comments on Twitter as a declaration of war.

Tensions have escalated since North Korea conducted its sixth and most powerful nuclear test on September 3, but the rhetoric has reached a new level in recent days with leaders on both sides exchanging threats and insults.

North Korean Foreign Minister Ri Yong Ho said Trump's Twitter comments, in which the US leader said Mr Ri and leader Kim Jong Un "won't be around much longer" if they acted on their threats, amounted to a declaration of war and that Pyongyang had the right to take countermeasures, including shooting down American bomber planes they considered to be flying too close.

On Tuesday, South Korea's Yonhap news agency suggested North Korea was in fact bolstering its defences by moving aircraft to its east coast and taking other measures after US Air Force B-1B Lancer bombers escorted by fighter jets flew east of North Korea in a show of force after the heated exchange of rhetoric between President Trump and Kim Jong-un.

The unverified Yonhap report said the United States appeared to have disclosed the flight route of the bombers intentionally because North Korea seemed to be unaware. South Korea's National Intelligence Service was unable to confirm the report immediately.

Speaking at the United Nations in New York on Monday, Mr Ri said North Korea's right to carry out countermeasures included shooting down US bombers "even when they are not inside the airspace border of our country. The whole world should clearly remember it was the US. who first declared war on our country. The question of who won't be around much longer will be answered then."

White House spokeswoman Sarah Sanders denied the United States had declared war, calling the suggestion "absurd".

Speaking in Beijing, Chinese foreign ministry spokesman Lu Kang said then there would be no winners in any conflict on the Korean peninsula.

"We hope the US and North Korean politicians have sufficient political judgment to realise that resorting to military force will never be a viable way to resolve the peninsula issue and their own concerns," he said. "We also hope that both sides can realise that being bent on assertiveness and provoking each other will only increase the risk of conflict and reduce room for policy manoeuvres. War on the peninsula will have no winner."

However, while China has repeatedly called for dialogue to resolve the issue, it has also signed up for increasingly tough UN sanctions against North Korea.

China's fuel exports to North Korea fell in August, along with iron ore imports, as trade slowed after the latest UN sanctions, but coal shipments resumed after a five-month hiatus, customs data showed on Tuesday.

In Moscow, Russia's foreign ministry said it was working behind the scenes to find a political solution and that using sanctions against North Korea had gone almost as far as it could.

US defence secretary James Mattis, speaking during a visit to India, said he appreciated global efforts to increase pressure on North Korea for its dangerous behaviour.

RISK OF MISCALCULATION

North Korea has been working on developing nuclear-tipped missiles capable of hitting the US mainland, which Mr Trump has said he will never allow.

The United States and South Korea are technically still at war with North Korea after the 1950-53 Korean conflict ended in a truce, not a peace treaty.

The September 3 nuclear test prompted a new round of sanctions on North Korea after the Security Council voted unanimously on a resolution condemning the test.

North Korea says it needs its weapons programmes to guard against US invasion and regularly threatens to destroy the United States, South Korea and Japan. However, the rhetoric has been ratcheted up well beyond normal levels, raising fears that a miscalculation by either side could have massive repercussions.

President Trump's threat last week to totally destroy North Korea, a country of 26 million people, if it threatened the United States or its allies led to an unprecedented direct statement by Mr Kim in which he called Mr Trump a "mentally deranged US dotard" and said he would tame America's threat with fire.

White House National Security Adviser H.R. McMaster defended Mr Trump's rhetoric, saying he agreed that the risk was that Mr Kim might fail to realise the danger he and his country were facing. However, Mr  McMaster also acknowledged there was no "easy" military solution.

"There's not a precision strike that solves the problem. There's not a military blockade that can solve the problem," he said.

North Korea has been boosting defences on its east coast, South Korea's Yonhap news agency said on Tuesday, after the North said US president Donald Trump had declared war and that it would shoot down US bombers flying near the Korean peninsula.

Tensions have escalated on the peninsula since Pyongyang conducted its sixth and most powerful nuclear test on September 3, but the rhetoric has reached a new level in recent days with leaders on both sides exchanging threats and insults.

North Korean foreign minister Ri Yong-ho said Trump's Twitter comments, in which the US leader said Mr Ri and leader Kim Jong-un "won't be around much longer" if they acted on their threats, amounted to a declaration of war and that Pyongyang had the right to take counter measures.

Yonhap suggested North Korea was in fact bolstering its defences by moving aircraft to its east coast and taking other measures after US bombers flew close by at the weekend.

The unverified Yonhap report said the US appeared to have disclosed the flight route of the bombers intentionally because North Korea seemed to be unaware. South Korea's National Intelligence Service was unable to confirm the report immediately.

Mr Ri said on Monday the North's right to counter measures included shooting down US bombers "even when they are not inside the airspace border of our country".

"The whole world should clearly remember it was the US who first declared war on our country," he said in New York on Monday, where he had been attending the annual United Nations General Assembly.

"The question of who won't be around much longer will be answered then," he said.

White House spokeswoman Sarah Sanders denied on Monday that the US had declared war, calling the suggestion "absurd".

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY%20PROFILE
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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Brief scoreline:

Manchester United 2

Rashford 28', Martial 72'

Watford 1

Doucoure 90'

How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
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Where can I submit a sample?

Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.

Collection centres in Abu Dhabi include:

  • Abu Dhabi National Exhibition Centre (ADNEC)
  • Biogenix Labs in Masdar City
  • Al Towayya in Al Ain
  • NMC Royal Hospital in Khalifa City
  • Bareen International Hospital
  • NMC Specialty Hospital, Al Ain
  • NMC Royal Medical Centre - Abu Dhabi
  • NMC Royal Women’s Hospital.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Blue%20Beetle
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Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5