Tempus: Off To A Gallop After nearly five years of restructuring, Lloyds TSB is finally showing what it is capable of. A 15 per cent rise in pre-tax profits has been achieved from across the board, most notably in reta... Read Full Article City Council Passes Bill For Recycling Of Plastic Bags The New York City Council overwhelmingly passed a bill requiring large stores and retail chains to collect and recycle the plastic bags they give to shoppers.... Read Full Article Inquiry Into Qualcomm Opens In South Korea The inquiry could emerge as the latest in a string of legal battles facing the company.... Read Full Article Treasury Bills Set For This Week The Treasury’s schedule of financing this week includes today’s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow.... Read Full Article Ford Opens Premier Marque Auction A former president of Chrysler, the US car group, is thought to be among a handful of bidders to have made an indicative offer for Land Rover and Jaguar, it emerged today.... Read Full Article |
China To ’secure’ KoreaCHINA would send troops into North Korea to secure "loose nukes" and restore order should Kim Jong-ils regime collapse and the international community fail to act swiftly enough, a report by three US think tanks has concluded. Although Beijing is prepared to act unilaterally, Chinese military experts told US researchers that China would prefer to work with the United Nations and indicated a new willingness to consult the US about possible joint responses to future emergencies in North Korea — such as the eventual death of dictator Kim Jong-il. The report said a growing number of analysts questioned the value of China maintaining its special relationship with North Korea, citing a hardening of attitudes after Pyongyang tested a nuclear device in 2006. There is also heated debate among Chinese analysts about whether North Korea has any intention of giving up its nuclear weapons. A minority argues that China should abandon its 1961 friendship treaty under which it is committed to military assistance if the North is involved in a conflict, because Pyongyang has proved to be such an unreliable ally. All Chinese experts denied that China would in any circumstances intervene to replace Kim Jong-il, but it would not prevent a regime change if that resulted from domestic forces. Although Mr Kim is reportedly in poor health, the prevailing view is that he will stay alive for several years at least and will be able to plan an orderly succession — passing power to either one of his sons, a military junta or some other type of collective leadership. "If deemed necessary, (Peoples Liberation Army) troops would be dispatched into North Korea," concludes the joint report by the US Institute of Peace, the Centre for Strategic and International Studies and the Asia Foundation, published on the internet this week. "Chinas strong preference is to receive formal authorisation and co-ordinate closely with the UN … however if the international community did not react in a timely manner … China would seek to take the initiative in restoring stability." Tag CloudExternal InformationAdditional InformationObama willing to invade Pakistan in al-Qaeda hunt...US takes soft line on North Korea snub... Judge to rule on releasing Meredith Kercher’s body for burial... Saudi king calls for interfaith talks... Where Am I?News Main Page - Business - China To ’secure’ Korea |
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