Biodun Iginla, BBC News

Biodun Iginla, BBC News
Showing posts with label Coco Jiang and Biodun Iginla. Show all posts
Showing posts with label Coco Jiang and Biodun Iginla. Show all posts

Sunday, February 12, 2017

BREAKING: North Korea says ballistic missile test was a 'success'


  • Feb 12, 2017  22H:28  GMT/UTC/ZULU TIME
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  • From the sectionAsia
File picture of a North Korean Musudan missileImage copyrightEPA
Image captionThe missile fired is thought to be an intermediate-range Musudan similar to this
by Coco  Jiang and Biodun Iginla, BBC News, Seoul
North Korea has confirmed that it "successfully" fired a ballistic missile on Sunday in a test supervised by leader Kim Jong-un.
The device was described as a "surface-to-surface medium-to-long-range ballistic missile", the Korean state news agency KCNA reported.
South Korea's defence ministry called it an armed provocation to test the response of US President Donald Trump.
North Korea's latest ballistic missile test has been widely condemned.
KCNA reported that the test of the Pukguksong-2 missile, a new type of strategic weapon said to be capable of carrying a nuclear warhead, was overseen by leader Kim Jong-un.
It added that the missile was fired at a high angle in consideration of neighbouring countries.
The rocket used a solid-fuel engine, the report said, which gives ballistic rockets greater power and range.

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The report also said that Kim Jong-un "expressed great satisfaction" over the test launch, which it said "adds to the tremendous might of the country".
South Korea and US officials said the missile flew east towards the Sea of Japan for about 500km (300 miles).
The missile reached an altitude of about 550km (350 miles), the South Korean military said.
Experts suggest the tests are programmed for shorter distances to avoid a missile landing on Japan.
This was the latest in a series of tests in the past year, including North Korea's fifth of a nuclear device.
Map showing North Korea, South Korea and Japan
The launch took place at 07:55 local time (22:55 GMT Saturday) from the Panghyon air base in North Pyongan province on the west side of the Korean peninsula.
United Nations resolutions forbid North Korea from carrying out ballistic missile tests - part of wider efforts to prevent it becoming a fully nuclear-armed power.
South Korea's foreign ministry said that "North Korea's repeated provocations show the Kim Jong-un regime's nature of irrationality, maniacally obsessed in its nuclear and missile development".

'Hostility'

Nato also condemned the missile test, with Secretary General Jens Stoltenberg urging North Korea "not to raise tensions further and to re-engage in a credible and meaningful dialogue with the international community".
The European Union joined the criticism, declaring in a statement that North Korea's "repeated disregard of its international obligations is provocative and unacceptable".
US President Donald Trump speaks alongside Japanese Prime Minister Shinzo Abe following North Korea's missile launch on Sunday, 11 February 2017Image copyrightAP
Image captionDonald Trump said that the US "stands behind Japan 100%"
Japan's Prime Minister Shinzo Abe, standing next to Mr Trump on a visit to the United States, said the test was "absolutely intolerable".
As for the US, Mr Trump said on Saturday: "America stands behind Japan, its great ally, 100%."
China, North Korea's closest ally, has yet to comment. Beijing has joined in international efforts to press Kim Jong-un to rein in his nuclear ambitions.
South Koreans watch a North Korean TV broadcast about the missile test, Seoul (12 Feb)Image copyrightKIM HEE-CHUL
Image captionKim Jong-un has authorised several missile and nuclear tests in the past year
In January, Kim Jong-un warned that his military was close to testing long-range missiles capable of delivering nuclear warheads to the United States mainland, but experts doubt the technology has progressed that far.
At the time, Mr Trump derided the claim in a tweet, saying: "It won't happen."
On a visit to South Korea last week, US Defence Secretary James Mattis said that any use of nuclear weapons by North Korea would be met with an "effective and overwhelming" response.
He also reconfirmed plans to deploy a US missile defence system in South Korea later this year.

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Wednesday, February 1, 2017

Missing Chinese billionaire targeted over stocks crash: report


by Coco  Jiang and Biodun Iginla, France24, Hong Kong


    © AFP/File | The "Tomorrow Group" building, owned by missing Chinese billionaire Xiao Jianhua, in Beijing

    HONG KONG - 
    A Chinese billionaire who went missing from Hong Kong and is believed to have been abducted by mainland security agents is reportedly under investigation in connection with China's 2015 stocks crash.
    Local media say financier Xiao Jianhua disappeared from his apartment in Hong Kong's harbourfront Four Seasons hotel on Friday and his whereabouts are still unknown.
    Three statements purportedly from Xiao -- a Canadian citizen -- denying he has been kidnapped have appeared on his company's WeChat account and on the front page of a Hong Kong newspaper.
    It is illegal for mainland agents to operate in semi-autonomous Hong Kong and the case has sparked new fears that its freedoms are under threat from Beijing.
    According to the South China Morning Post, Xiao, founder of Beijing-based Tomorrow Group, is in mainland China and "assisting investigations" into the stock market turmoil of 2015.
    The Shanghai stock index tumbled nearly 40 percent over a period of little more than two months after peaking in mid-June that year.
    Authorities helped inflate the bubble by encouraging investments. But when it burst, officials quickly sought to pin blame on market manipulators.
    It is unclear how Xiao is being linked to the crash, but mainland investigators have targeted several investment executives on suspicion of insider trading since the stocks rout.
    Last week a former star hedge-fund manager was sentenced to more than five years in prison for market manipulation.
    - Anti-corruption drive -
    The investigation into Xiao is also linked to China's disgraced ex-spymaster Ma Jian, the SCMP said.
    The former deputy head of China's ministry of state security, Ma was expelled from the ruling Communist Party in December on suspicion of taking bribes and "abusing power".
    Ma's case is linked to other top officials who were thought to pose a threat to Chinese president Xi Jinping.
    There has been widespread speculation that Xiao's disappearance was part of Xi's ongoing anti-corruption drive, which some critics believe has been used to target his political opponents.
    The campaign was launched after Xi took power in 2012 and has brought down government officials and corporate executives.
    Xiao is said to have acted as a broker for the Chinese leadership, including for Xi's family -- but there were also reports that he could be connected to rival political clans.
    Analyst Ma Ngok said the targeting of tycoons was "partly political struggle and partly because of the crackdown on corruption".
    He added that some other big Chinese businessmen based in Hong Kong would now be likely to leave.
    "They just don't have the confidence that if something happens in Hong Kong the government or the police is going to help out, I think this is the sentiment now," said Ma, professor at Chinese University of Hong Kong.
    Xiao's case has echoes of the disappearance in 2015 of five booksellers known for publishing salacious titles about Beijing's leadership.
    One of the men, Lee Bo, vanished from Hong Kong triggering international condemnation and local protests.
    All resurfaced on the mainland.