U.S. ready to resume North Korea talks, seeks denuclearization by 2021The Saigon Times Daily South Korean President Moon Jae-in and North Korean leader Kim Jong Un acknowledges the audience after watching the performance titled "The Glorious Country" at the May Day Stadium in Pyongyang, North Korea, September 19, 2018 – PHOTO: REUTERS WASHINGTON/SEOUL (REUTERS) - The United States said it was ready to resume talks with North Korea after Pyongyang pledged on Wednesday to dismantle its key missile facilities and suggested it would close its main Yongbyon nuclear complex if Washington took unspecified actions. U.S. Secretary of State Mike Pompeo said he had invited North Korea’s foreign minister to meet in New York next week, with the aim of completing its denuclearization by January 2021, after a Pyongyang summit between the leaders of the two Koreas. The United States appeared eager to seize on commitments by North Korean leader Kim Jong Un at his talks with South … [Read more...] about U.S. ready to resume North Korea talks, seeks denuclearization by 2021
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US ready to resume North Korea talks, seeks denuclearization by 2021
U.S. Secretary of State Mike Pompeo said he had invited North Korea’s foreign minister to meet in New York next week, with the aim of completing its denuclearization by January 2021, after a Pyongyang summit between the leaders of the two Koreas. The United States appeared eager to seize on commitments by North Korean leader Kim Jong Un at his talks with South Korean President Moon Jae-in even as critics said the steps did little to put Pyongyang on a course for irreversible denuclearization. North Korea will allow experts from “concerned countries” to watch the closure of its missile engine testing site and launch pad at Dongchang-ri, Moon said at a joint news conference with Kim after their meeting in the North Korean capital. North Korea will also take additional steps such as closing its main Yongbyon nuclear complex if the United States undertook unspecified reciprocal measures, Moon added. The sudden revival of diplomacy followed weeks of doubts in U.S. … [Read more...] about US ready to resume North Korea talks, seeks denuclearization by 2021
BUSINESS NEWS IN BRIEF 3/9
Quang Ninh aims to become leading service centreThe northern coastal province of Quang Ninh has outlined comprehensive measures to attract key projects in trade, aiming to become a leading service centre in the country.Two years ago, local authorities granted approval for a master plan to develop the trade sector by 2025 with a vision towards 2030. The province aimed to increase added value by an average of 12.5 - 13.5 percent during 2016 – 2020, 14.5 - 15.5 percent during 2021 – 2025, and 10 - 11 percent during 2026 – 2030.As part of efforts to lure trade projects, the province has worked to improve transport infrastructure, including projects upgrading the Uong Bi - Ha Long segment in National Road 18, Quang Ninh airport, and Ha Long - Hai Phong expressway. Due attention has been paid to transportation in border areas, facilitating and promoting trade with China via Bac Luan border gate.Besides encouraging local investors to remove bottlenecks and accelerate … [Read more...] about BUSINESS NEWS IN BRIEF 3/9
BUSINESS NEWS IN BRIEF 20/8
Deutsche Bank appoints new chief country officer for Vietnam Deutsche Bank has just announced the appointment of Hans-Dieter Holtzmann (49) as chief country officer and head of Global Transaction Banking (GTB) in Vietnam, effective from August 16, 2018. In his capacity as chief country officer, Holtzmann will report to Werner Steinmueller, member of the Management Board and APAC Head of Deutsche Bank, and in his GTB capacity, to Kaushik Shaparia, head of Global Subsidiary Coverage, GTB Foreign Exchange and Corporate Cash Management for Asia. Announcing the appointment, Steinmueller said, “We are pleased to have a colleague of Hans-Dieter’s caliber in this role. As one of our key markets in Southeast Asia, our Vietnamese franchise has shown profitable growth and we are excited about the country’s outlook. This is why last year we significantly increased our capital base in this market, providing the bank with more resources to support our clients’ … [Read more...] about BUSINESS NEWS IN BRIEF 20/8
Genoa bridge collapse a disaster ‘waiting to happen’
Genoa's Morandi motorway bridge, a 200-metre portion of which collapsed on Tuesday (Aug 14) killing dozens of people, has been riddled with structural problems since its construction in the 1960s, which has led to expensive maintenance and severe criticism from engineering experts. The Morandi motorway bridge, part of which collapsed, has been riddled with structural problems since its construction in the 1960s. (AFP/FEDERICO SCOPPA) CELEBRATED DESIGNER The Morandi bridge was built between 1963 and 1967. It has a maximum span of 219 metres, a total length of 1.18 kilometres, concrete piers (vertical structures that support the arches of a bridge) that reach 90 metres in height. The technology of pre-stressed reinforced concrete used in the construction was the hallmark of its designer, the celebrated Italian engineer Riccardo Morandi, who died in 1989. READ: What we know about the Genoa bridge collapse Dubbed patent "Morandi M5", he had used the technology for other works, … [Read more...] about Genoa bridge collapse a disaster ‘waiting to happen’