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Russia to write off North Korean debt
Russia’s finance ministry said Saturday it has agreed to a plan to write off 90 percent of North Korea’s debt of $11 billion, underscoring what observers say is an interest to boost economic ties with the Stalinist state. The remaining 10 percent will be invested in joint projects in the…
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Politics
Mohamed Morsy wins Egyptian presidency
Mohamed Morsy of the Muslim Brotherhood was elected president of Egypt with 51.7 percent of last weekend’s run-off vote, the state election committee said on Sunday. Thousands of Brotherhood supporters on Cairo’s Tahrir Square were waving national flags and chanting “Allahu Akbar!” or God is Great, greeting Morsy’s victory. Morsy,…
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Politics
‘N. Korean attacks won’t be tolerated’
Lee marks 62nd anniversary of outbreak of Korean War President Lee Myung-bak said that no future North Korean provocations would be tolerated on the eve of the 62nd anniversary of the communist state invasion that triggered the 1950-1953 Korean War. Meeting Colombian veterans who participated in the fratricidal war during…
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Politics
Ruling party riding on NK dispute
The ruling Saenuri Party is pushing security issues before the upcoming presidential election, capitalizing on the ongoing controversy over the pro-North Korea slant among certain members of the opposition parties. Chairman Rep. Hwang Woo-yea and party leaders visited the 15th Army Division in Gangwon Province, Thursday, to encourage troops who…
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Japan may pave groundwork for going nuclear
Japan has inserted into its nuclear power-related law a clause on “security guarantees” through the use of atomic power, triggering suspicions that it is laying the legal groundwork for possible nuclear armament, some experts said Thursday. According to the Tokyo Shimbun, the upper house of Japan’s parliament amended the basic…
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Seoul to gain release of activists soon
Seoul and Beijing are working toward the release of human rights activist Kim Young-hwan and three other men detained in China, an official said Wednesday, downplaying reports of imminent repatriation. Earlier reports said the two sides had finalized the release of the group detained for over 80 days in Dandong,…
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Politics
Graffiti In Athens Looks Depicting Looming Crisis
Pedestrian stand in front of a graffiti in central Athens on Tuesday, June 19, 2012. A coalition government could be formed by mid-Wednesday in Greece, the head of the country’s socialist party said Tuesday, easing the nation from political limbo as it struggles to deal with a financial crisis that…
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Politics
8 Soldiers Killed in Clashes with PKK
At least eight Turkish soldiers were killed and 15 were wounded on Tuesday in fighting with PKK (Kurdistan Workers Party) militants in southeast Turkey, security sources said, in the deadliest clashes in recent months. 10 terrorists were killed by Turkish military forces in retaliation. Terrorists attempted to attack a military…
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Putin, Obama to Talk Missile Defense, Syria Settlement in Mexico
Russian President Vladimir Putin and his U.S. counterpart Barack Obama will on June 18 discuss projected deployment of missile shield in Europe, prospects of peace settlement in Syria and bilateral ties at the sidelines of G20 summit in Los Cabos, Mexico, Russian Presidential Aide Yury Ushakov said. The G20 summit…
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Politics
Islamic Brotherhood Claims Win in Egypt Presidential Race
With 100 percent of the votes counted, Islamic Brotherhood candidate Mohammed Mursi has claimed victory in the Egyptian presidential election, winning 52 percent of the ballots, his campaign headquarters claimed on Monday morning. The opposing candidate, former Prime Minister Ahmed Shafiq, gained 48 percent. “These are confirmed results, all counted…
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