North Korea showed off a gigantic new intercontinental ballistic missile on Saturday that analysts described as the biggest of its kind in the world, as the nuclear-armed country defied the coronavirus threat with thousands of maskless troops taking part in a military parade.
The ICBM, carried on a transporter-erector-launcher with no fewer than 11 axles, rolled through Kim Il Sung square as leader Kim Jong-un watched from a rostrum, footage from state broadcaster KCTV showed.
Several analysts described it as the largest road-mobile liquid-fuelled missile anywhere, with Harry Kazianis of the Centre for the National Interest saying it was "much bigger and clearly more powerful than anything in the DPRK's arsenal".
Nuclear negotiations between Pyongyang and Washington have been deadlocked since the collapse of the Hanoi summit early last year and the North is widely believed to have continued to develop its weapons throughout the diplomatic process.
It already launched a missile with the range to reach anywhere in the continental US in 2017, but analysts suggested the new weapon – based on that rocket – could have multiple re-entry vehicle capabilities, helping it evade US defences.
"It's a scary prospect for the already underperforming US missile defence system," Melissa Hanham of the Open Nuclear Network told AFP.
The missile could see its first test around the time of the inauguration of the next US presidential term, as a signal to either Donald Trump or Joe Biden.
The ICBM was preceded earlier by the Pukguksong-4a, a new submarine-launched missile that would add another dimension to Pyongyang's arsenal, which it says it needs to deter a US invasion.
Mr Kim – wearing a grey suit – told the crowd Pyongyang "will continue to strengthen the war deterrent, the righteous self-defence means".
"If we don't have our own strength, the only thing we have to do is to wipe the streaming tears and blood though our fists are clenched," he added.
Women in the crowd wiped tears from their eyes as he spoke, the footage showed.
The widely anticipated display was part of commemorations of the 75th anniversary of the North's ruling Workers' Party, and according to Seoul's joint chiefs of staff took place early on Saturday, several hours before it was broadcast.
South Korean and US intelligence agencies were "closely tracking the event", they added.
Analysts say Pyongyang will still tread carefully to avoid jeopardising its chances with Washington before next month's presidential election.
Leif-Eric Easley, a professor at Ewha University in Seoul, cautioned that it was not yet clear how much of the equipment on show "really works".
But he added: "Politics of deception notwithstanding, the weapons featured in Pyongyang's processions are a sobering reminder that North Korea will not be ignored."
During the parade unit after unit of soldiers from different specialisms marched through the square, with Mr Kim at times smiling and joking with his generals.
Squadrons of warplanes flew overhead dropping flares before a series of armoured vehicles and missiles rolled through streets, and none of the participants or the audience in the stands were wearing masks.
The ruling party anniversary comes during a difficult year for North Korea as the coronavirus pandemic and recent storms add pressure to the heavily sanctioned country.
The North has a ramshackle health system that would struggle to cope with a major outbreak and Kim closed its borders in January to try to prevent contamination from the disease that first emerged in neighbouring China.
Despite it since sweeping the world, with more than 36 million cases, he said the North had not seen a single infection of the "evil virus", and he repeatedly thanked his citizens for their efforts.
"Kim could even be seen choking and tearing up as he was reading his speech," said former US government North Korea analyst Rachel Lee, describing the address as a departure from "the boilerplate we have seen for years".
Mr Kim's summit counterpart Mr Trump was recently hospitalised with the illness and while did not mention the US president or his country directly, he offered his "heartfelt consolation" to "all those around the world who are still combating the disease".
But analyst Mr Kazianis warned that no one at the event was social distancing or wearing face masks.
"While some would argue this is a show of strength, such grandstanding is sheer folly," he said, adding: "The Kim regime is playing with the lives of his own people."
Unlike on many previous occasions, no international media were allowed in to watch the parade.
And the few foreigners remaining in Pyongyang were not welcome at the commemorations, according to the Russian embassy, which posted a message from the authorities on its Facebook page urging diplomats and other international representatives not to "approach or take photos" of the venues.
Mr Kim is the third member of his family to lead the country. But in a possible signal of changing emphasis, the large-scale portraits of his grandfather, the North's founder Kim Il Sung, and father Kim Jong Il appeared to have been removed from their positions on the rostrum in the square.
Instead, other images were installed further back and higher up on another building, the Grand People's Study House.
MATCH INFO
Rugby World Cup (all times UAE)
Third-place play-off: New Zealand v Wales, Friday, 1pm
Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar
Mobile phone packages comparison
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.”
BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
The specs: 2018 Ford Mustang GT
Price, base / as tested: Dh204,750 / Dh241,500
Engine: 5.0-litre V8
Gearbox: 10-speed automatic
Power: 460hp @ 7,000rpm
Torque: 569Nm @ 4,600rpm
Fuel economy, combined: 10.3L / 100km
Zayed Sustainability Prize
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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Eyasses squad
Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)
Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)
Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)
Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)
Jemma Eley – goal attack / wing attack (Dubai College)
Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)
Molly Fuller – goal attack / wing attack (Dubai College)
Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)
Noorulain Hussain – goal defence / wing defence (Dubai College)
Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)
Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)
Eliza Petricola – wing attack / centre (Dubai English Speaking College)
MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
UAE currency: the story behind the money in your pockets
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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