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N. Korea fires missile, vows ‘fiercer’ response to US, allies

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North Korea fired a ballistic missile on Thursday as it warned of “fiercer military responses” to US efforts to boost its security presence in the region with its allies, saying Washington is taking a “gamble it will regret”, Reuters reported.

North Korea has conducted a record number of such tests this year, and also fired hundreds of artillery shells into the sea more recently as South Korea and the United States staged exercises, some of which involved Japan.

South Korea’s military said the ballistic missile was launched from the North’s east coast city of Wonsan at 10:48 a.m. (0248 GMT), flying 240 km (150 miles) to an altitude of 47 km at the speed of Mach 4.

According to Reuters the latest launch came less than two hours after North Korea’s foreign minister, Choe Son Hui, slammed a Sunday trilateral summit of the United States, South Korea and Japan, during which the leaders criticised Pyongyang’s weapons tests and pledged greater security cooperation.

At the talks, US President Joe Biden reaffirmed a commitment to reinforce extended deterrence and defend the two Asian allies with a “full range of capabilities”, including nuclear weapons.

Choe said the three countries’ “war drills for aggression” failed to rein in the North but would rather bring a “more serious, realistic and inevitable threat” upon themselves.

“The keener the US is on the ‘bolstered offer of extended deterrence’ to its allies and the more they intensify provocative and bluffing military activities … the fiercer the DPRK’s military counteraction will be,” Choe said in a statement carried by the official KCNA news agency.

She referred to her country by the initials of its official name, the Democratic People’s Republic of Korea.

“The US will be well aware that it is gambling, for which it will certainly regret,” Choe added.

The South Korean and US militaries carried out missile defence drills after the North’s latest launch, Seoul’s Joint Chiefs of Staff said, strongly condemning it, read the report.

“We urge an immediate halt of North Korea’s series of ballistic missile launches, which is a grave provocation damaging peace and stability,” the joint chiefs said in a statement.

The United States has said since May that North Korea is preparing to conduct its first nuclear test since 2017, but its timing remains unclear.

Washington, Seoul and Tokyo said in a joint statement after the summit that Pyongyang’s nuclear testing would incur a “strong and resolute response.”

Choe said the North’s military activities are “legitimate and just counteractions” to the US-led drills.

South Korea’s Unification Minister Kwon Young-se, who handles intra-Korea affairs, said the North might postpone its nuclear test for some time, citing China’s domestic political schedule, Reuters reported.

“North Korea has also achieved some political effects by codifying its nuclear law in August, so it might not have immediate needs for a nuclear test,” Kwon said in an interview with Yonhap news agency released on Thursday.

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US Vice President Vance emerges as key figure in Iran peace efforts: Report

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US Vice President JD Vance has taken a leading role in Washington’s efforts to broker peace with Iran, nearly a month into the ongoing conflict, according to US media reports on Friday.

An Axios report says Vance has been actively engaged in behind-the-scenes diplomacy, holding multiple discussions with Israeli Prime Minister Benjamin Netanyahu and coordinating with Gulf allies, while maintaining indirect communication channels with Iranian officials.

The White House reportedly views Vance as a central negotiator due to his senior position and his skepticism toward prolonged military engagements, making him a suitable envoy for sensitive negotiations.

Vance’s efforts include coordination with countries such as the United Arab Emirates and Qatar, focusing on de-escalation, potential peace talks, and regional security.

US President Donald Trump formally confirmed Vance’s role on Thursday, noting that he is working alongside Middle East Envoy Steve Witkoff and Jared Kushner on ongoing negotiations and will brief officials on developments regarding Iran.

White House officials told Axios that Vance’s seniority and opposition to extended foreign conflicts make him a more appealing interlocutor for Iran than other envoys, with Witkoff recommending him as the lead negotiator. “If the Iranians can’t strike a deal with Vance, they don’t get a deal. He’s the best they’re gonna get,” a senior administration official said.

While Vance assumes a larger diplomatic role, Witkoff and Kushner continue handling negotiations. Reports of a confrontation between Vance and Netanyahu were dismissed by US and Israeli sources as inaccurate.

According to the report, Vance initially expressed skepticism about the war’s duration, objectives, and resource impact but supported a strategy of overwhelming force once Trump decided to proceed. Vance remains aligned with Israel while carefully navigating differences between US and Israeli objectives, advisers said.

“He has his own views, but he is going to work according to Trump’s instructions and try to achieve an outcome that the president likes,” a source close to Vance added.

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Trump signature to appear on US currency, ending 165-year tradition

The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet ​Yellen, and former Treasurer Lynn Malerba.

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U.S. paper currency will bear ‌President Donald Trump’s signature starting this summer, the first time a sitting president has signed American money, the Treasury Department said on Thursday.

The redesigned notes, planned to mark the 250th anniversary of American independence, will also for the first time in 165 years drop the signature of the ​U.S. treasurer, who reports to the Treasury Secretary and oversees the Bureau of Engraving and Printing, the U.S. ​Mint and other Treasury functions, Reuters reported.

The first $100 bills with Trump’s signature and that of U.S. Treasury Secretary ⁠Scott Bessent will be printed in June, followed by other bills in subsequent months. The new bills may take several ​weeks to circulate through banks.

The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet ​Yellen, and former Treasurer Lynn Malerba.

Malerba will be the last of an unbroken line of treasurers whose signatures have appeared on U.S. federal currency since 1861, when the U.S. government first issued it.

The signature change is the latest effort by the Trump administration and its allies to put the ​president’s name on buildings, institutions, government programs, warships and coins. A federal arts panel, whose members Trump appointed, approved last ​week the design for a commemorative gold coin with Trump’s image.

Bessent said in a statement that the move was appropriate for the U.S. 250th ‌anniversary, given ⁠strong U.S. economic growth and financial stability during Trump’s second term, read the report.

“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent said.

An effort for a circulating $1 Trump coin was set back by ​laws prohibiting the depiction of ​living individuals on U.S. coins.

A ⁠statute governing the printing of Federal Reserve notes gives the Treasury broad discretion to change designs to guard against counterfeiting. The law requires keeping certain elements, including the words “In God We ​Trust,” and only allows portraits of deceased individuals.

The overall designs of bills will not change, ​except for Trump’s ⁠signature replacing the Treasurer’s, Treasury officials said. A mock-up of the $100 bill with Trump’s signature was not immediately available.

Malerba, the former treasurer, declined comment on the Trump administration’s move.

Her predecessor, Jovita Carranza, who served as treasurer in Trump’s first term, called the change “a powerful ⁠symbol of ​American resilience, the enduring strength of free enterprise and the promise of ​continued greatness.”

The current treasurer, Brandon Beach, whose name has not appeared on the currency, also issued a supportive statement, saying Trump was the architect of a “golden ​age economic revival.”

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Trump to hit Iran harder if Tehran does not accept defeat, White House says

Talks with Iran were still under way, Leavitt said. “Talks ‌continue. ⁠They are productive, as the president said on Monday, and they continue to be,” she added.

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President Donald Trump will hit Iran harder if Tehran fails to accept that ​the country has been “defeated militarily,” White House press secretary Karoline Leavitt said ‌on Wednesday.

“President Trump does not bluff and he is prepared to unleash hell. Iran should not miscalculate again,” Leavitt told reporters in a press briefing.

“If Iran fails to accept the reality ​of the current moment, if they fail to understand that they have ​been defeated militarily, and will continue to be, President Trump will ⁠ensure they are hit harder than they have ever been hit before,” she ​said.

As the joint U.S.-Israeli war on Iran entered its fourth week, there have ​been efforts by multiple countries such as Pakistan, Turkey and Egypt to mediate.

Iran is still reviewing a U.S. proposal to end the war, despite an initial response that was negative, ​a senior Iranian official told Reuters on Wednesday, indicating that Tehran had so ​far stopped short of rejecting it outright.

Talks with Iran were still under way, Leavitt said. “Talks ‌continue. ⁠They are productive, as the president said on Monday, and they continue to be,” she added.

Citing unnamed sources, media outlets on Tuesday reported that Washington sent Tehran a 15-point plan on ending the war. Leavitt said on Wednesday that elements of ​the reports were not ​fully accurate, but ⁠she did not provide specifics.

“The White House never confirmed that full plan. There are elements of truth to it, but some ​of the stories I read were not entirely factual, so ​I am ⁠not going to negotiate on behalf of the president here at the podium,” Leavitt said.

Global equity markets regained some ground while oil prices dipped on Wednesday after the ⁠reports ​about the plan, with investors hoping for an end ​to a war that has disrupted global energy supplies and raised inflation concerns.

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