South Korean protesters rally to demand the deployment of nuclear weapons in South Korea near the presidential Blue House in Seoul, South Korea, Tuesday, Sept. 5, 2017. South Korean warships have conducted live-fire exercises at sea. The drills Tuesday mark the second-straight day of military swagger from a nation still rattled by the North's biggest-ever nuclear test. The signs read "The government should to deploy nuclear weapons." (AP Photo/Ahn Young-joon)
South Korean protesters rally to demand the deployment of nuclear weapons in South Korea near the presidential Blue House in Seoul, South Korea, on September 5, 2017. South Korean warships have conducShow more

US and South Korea vow to work closely to defend against Pyongyang



The US and South Korea have vowed to work more closely to defend against the "grave threat" of North Korea, the allies said in a joint statement on Tuesday.

"North Korea’s dangerous and destabilising pursuit of nuclear-armed ballistic missiles represents a threat to all nations in the region and beyond. These actions will not alter the ironclad commitment of the United States and the Republic of Korea (ROK) alliance to defend the ROK," it said.

"North Korea’s recent provocations and belligerent rhetoric only drives the United States and the ROK to work more closely to defend against and counter this grave threat."

The statement came after Kim Jong-un's regime on Sunday detonated what it described as a hydrogen bomb designed for a long-range missile, sparking global alarm with what was by far its most powerful test to date.

Earlier, US president Donald Trump tweeted: "I am allowing Japan & South Korea to buy a substantially increased amount of highly sophisticated military equipment from the United States".

On Monday, the South's military launched a volley of ballistic missiles simulating an attack on the North's nuclear test site.

Mr Trump did not elaborate on the kind of weaponry and equipment he had in mind, but the White House has said the president is willing to approve the sale of "many billions of dollars' worth of military weapons and equipment" to Seoul.

The White House also confirmed an earlier announcement by Seoul that the US would lift restrictions on South Korean missile payload capabilities.

Seoul was previously restricted to a maximum warhead weight of 500 kilograms on its ballistic missiles, according to a bilateral agreement with the US signed in 2001.

Washington on Monday launched a bid at the UN Security Council to quickly slap the "strongest possible measures" on North Korea in response to its sixth and most powerful nuclear test, but China and Russia argued that diplomatic talks were needed to address the crisis.

Mr Putin has called for talks with North Korea, warning against "military hysteria". During a news conference in China on Tuesday, he criticised sanctions as “useless and ineffective”, instead urging the international community to offer security guarantees to North Korea.

“They’ll eat grass, but they won’t abandon their program unless they feel secure,” he said at an emerging markets summit on Tuesday in Xiamen, China, which was hosted by his Chinese counterpart Xi Jinping.

"Whipping up military hysteria makes absolutely no sense in this situation," Mr Putin said. "This is a road to nowhere."

Russia earlier condemned North Korea's latest nuclear test as "provocative," but said it does not support the idea of slapping North Korea with more sanctions.

US Ambassador to the United Nations Nikki Haley said on Monday the Trump administration would seek the strongest possible sanctions against Mr Kim’s regime.

Mr Kim was “begging for war” after testing what he claimed was a hydrogen bomb, she said after a meeting of the UN Security Council. She said the US would circulate new draft sanctions and wants the Security Council to vote on them September 11.

Japan is singing the same tune as the US, with deputy prime minister Taro Aso on Tuesday calling for additional measures. “There’s no chance of talks progressing without increasing pressure,” he said.

German Chancellor Angela Merkel has also condemned North Korea's latest nuclear test as a "flagrant violation" of international conventions.

She told told the German parliament on Tuesday there can only be a "diplomatic and peaceful solution" of the crisis, and that North Korea's distance from Germany should not keep the country from helping to end the crisis.

South Korean president Moon Jae-in took office four months ago promising a new era of engagement with North Korea. But now, he is pushing for a military overhaul to keep Mr Kim’s regime at bay.

In the past few weeks, Mr Moon has sought stronger warheads on ballistic missiles, stepped up military drills, discussed the deployment of US strategic bombers to South Korea and embraced a missile defence system he once questioned.

He has also called on his generals to draw up a detailed timetable to complete a last-resort strategy to strike North Korean nuclear sites, intercept missiles and take out its leadership.

Mr Moon, whose May election win ended nine years of conservative rule, has had little choice but to shift focus after Mr Kim tested two intercontinental ballistic missiles, fired a rocket over Japan and detonated North Korea’s most powerful nuclear device yet.

Mr Kim has shunned overtures from Mr Moon, saying he would never negotiate away his nuclear weapons if the US maintains its hostile policy.

“Moon is showing that he’s pragmatic,” said John Blaxland, head of the Australian National University’s Strategic and Defence Studies Centre in Canberra. “The circumstances are more dire than he faced when he took office. He isn’t as doggedly ideologically left as some might have anticipated.”

Still, for Mr Trump, Mr Moon hasn’t gone far enough. Tensions between the leaders surfaced recently, when the South Korean president asserted a right to veto any US strike against North Korea.

After the North Korean regime detonated what it called a hydrogen bomb on Sunday, Mr Trump dismissed Mr Moon’s approach as “appeasement”. A day earlier, Mr Trump reportedly threatened to kill a US-South Korea free trade agreement.

* Agence France-Presse, Associated Press and Bloomberg

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What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

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Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

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Started: June 2022
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Based: Dubai
Sector: Microfinance
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Investment stage: Series A
Investors: Family offices

'My Son'

Director: Christian Carion

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Company name: Hoopla
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Four stars

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Name: Mamo

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Based: Dubai, UAE

Number of employees: 28

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Investment: $9.5m

Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.

The line up

Friday: Giggs, Sho Madjozi and Masego  

Saturday: Nas, Lion Bbae, Roxanne Shante and DaniLeigh  

Sole DXB runs from December 6 to 8 at Dubai Design District. Weekend pass is Dh295 while a one day pass is Dh195. Tickets are available from www.soledxb.com

A Dog's Journey 

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3 out of 5 stars

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

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Company name: Klipit

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Funding: $4 million

Investors: Privately/self-funded

ENGLAND SQUAD

Goalkeepers Pickford (Everton), Pope (Newcastle), Ramsdale (Arsenal)

Defenders Chilwell (Chelsea), Dier (Tottenham), Guehi (Crystal Palace), James (Chelsea), Maguire (Man United), Shaw (Man United), Stones (Man City), Trippier (Newcastle), Walker (Man City)

Midfielders Bellingham (Dortmund), Gallagher (Chelsea), Henderson (Liverpool), Maddison (Leicester), Mount (Chelsea), Phillips (Man City), Declan Rice (West Ham)

Forwards Foden (Man City), Grealish (Man City), Kane (Tottenham), Rashford (Man United), Saka (Arsenal), Toney (Brentford)

Day 5, Abu Dhabi Test: At a glance

Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.

Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.

The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.

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Name: Purpl

Co-founders: Karl Naim, Wissam Ghorra, Jean-Marie Khoueir

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Sector: FinTech

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Super Saturday race card

4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m

The major Hashd factions linked to Iran:

Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.

Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.

Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.

Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.

Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.

Saraya Al Khorasani:  The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.

(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)

UAE currency: the story behind the money in your pockets