World
North Korea’s Kim shows off banned missiles to Russian minister
Russia’s defense minister accompanied North Korean leader Kim Jong Un to a defense exhibition that featured the North’s banned ballistic missiles as the neighbors pledged to boost ties, North Korean state media reported on Thursday.
The Russian minister, Sergei Shoigu, and a Chinese delegation led by a Communist Party politburo member arrived in North Korea this week for the 70th anniversary of the end of the Korean War celebrated in North Korea as “Victory Day”.
The nuclear-capable missiles were banned under U.N. Security Council resolutions adopted with Russian and Chinese support but this week they provided a striking backdrop for a show of solidarity by three countries united by their rivalry with the U.S. and a revival of what some analysts see as their Cold War-era coalition, Reuters reported.
Shoigu is making the first visit by a Russian defense minister to North Korea since the fall of the Soviet Union.
For North Korea, the arrival of the Russian and Chinese delegations marks its first major opening up to the world since the COVID-19 pandemic.
Shoigu gave Kim a letter from Russian President Vladimir Putin, North Korean media reported.
Kim thanked Putin for sending the military delegation led by Shoigu, saying the visit had deepened the “strategic and traditional” relations between North Korea and Russia.
“(Kim) expressed his views on the issues of mutual concern in the struggle to safeguard the sovereignty, development and interests of the two countries from the high-handed and arbitrary practices of the imperialists and to realize international justice and peace,” North Korean media said.
“He repeatedly expressed belief that the Russian army and people would achieve big successes in the struggle for building a powerful country,” it said.
KCNA did not refer to the war in Ukraine but North Korea’s defense minister, Kang Sun Nam, was reported as saying North Korea fully supported Russia’s “battle for justice” and to protect its sovereignty.
Kim led Shoigu on a tour of an exhibition of new weapons and military equipment, KCNA said.
State media photographs showed Kim and his guests at a display of some of the North’s ballistic missiles in multi-axle transporter launchers. Another image showed what analysts said appeared to be a new drone.
One analyst said Shoigu’s inspection of the North Korean missiles visit suggested Russian acceptance of North Korea’s nuclear programme.
“We’ve come a long way from when North Korea would avoid showing off its nuclear capabilities when senior foreign dignitaries from Russia and China were in town,” said Ankit Panda of the U.S.-based Carnegie Endowment for International Peace, calling the tour “remarkable”.
Kim also met Chinese Communist Party Politburo member Li Hongzhong for talks and was handed a letter from Chinese President Xi Jinping, North Korean media reported.
The visit by Li’s delegation showed Xi’s commitment to “attach great importance to the DPRK-China friendship,” Kim was quoted as saying by the North’s KCNA state news agency, referring to the initial of its official name, the Democratic People’s Republic of Korea.
State media photographs showed Kim at a large flashy performance flanked by Shoigu and Li, with a backdrop that included a slogan used by the Chinese army during the Korean War vowing to “resist U.S. aggressors.”
World
US Vice President Vance emerges as key figure in Iran peace efforts: Report
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.
World
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.
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.”
World
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.
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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