Homepage / Asia / Trump's Iran deal pullout sends a bad message to North Korea, former UN chief says
Leaders of two Koreas hold surprise meeting as Trump revives hopes of summit with North Ireland set to end abortion ban as exit polls signal landslide vote Billionaire entrepreneur Richard Branson says he's 'neck and neck' with Bezos in the space race South Korea relieved about Trump-Kim summit revival efforts Top VC deals: Kroger buys Home Chef, PayPal buys iZettle and Rover raises $155 million Next time you buy a TV at Best Buy, you may be offered health care, too MVP robots won't take football players' jobs, but they may just save their legs The government could save $1 billion by combining its 12,062 data centers — but it's behind plan Elon Musk may actually be making a website to rate journalists for credibility and 'core truth' Bank of America outlines tips investors can use to beat the market Silicon Valley investors explain why they're scared of China YouTube Music is really good, but probably not enough to pull you away from Spotify Trump administration is telling Congress it has an agreement to save China's ZTE: New York Times No recession until late 2020, so keep buying stocks, Credit Suisse says Moody's warns of 'particularly large' wave of junk bond defaults ahead Cryptocurrency stunt to climb Mount Everest reportedly turns deadly Chinese police take down gang of inventive online reputation cleaners Italy's Conte struggles to form team; markets tumble Cramer: Foot Locker's stellar earnings show the 'mall is still not dead' yet Roku shares jump after short-seller reverses call, says he doesn't want to bet against cord-cutting Wyoming's plan to diversify its economy from fossil fuels … to blockchain Facebook, Google face complaints worth $8 billion over alleged breach of new EU data law Apple's self-driving partnership is the next phase of 'Apple as a service,' Gene Munster says Consumers expect smaller gains in income than a year ago, May sentiment survey finds Herbalife shares plunge after Carl Icahn said he is lowering his stake in the company South Africa's ailing state-owned firms set to invest billions in dramatic reform program Why you're suddenly getting lots of emails from sites you haven't visited in years 'Fortnite': This is how a free video game might make $3.5 billion White House official: Trump could take a harder line on trade with China now that the Kim Jong Un summit is off Stocks making the biggest moves premarket: FL, HIBB, BKE, GPS, DECK, ADSK, ROST, AZN & more Apple blocks Steam's plan to extend its video games to iPhones Foot Locker shares are jumping 15% after a blowout earnings report PayPal upgraded by Stifel because of its addition of new financial services Samsonite slides for a 2nd day after a short-seller attack, but some analysts are unfazed US Commerce Secretary Wilbur Ross to visit China for trade talks in early June A specialty retailer up 118% in one year could have more room to run after earnings Gold is back: The rise in geopolitical tensions boosts precious metal prices The 'Meghan Markle Effect' is boosting gold jewelry sales US media websites down in Europe after a huge data law shakeup Tencent's WeChat drops 'sugar daddy' dating website Autodesk forecasts second-quarter profit below estimates Turkey's leadership scrambles to regain investor confidence in its monetary policy Italy's Enel accuses Spain's Iberdrola of 'aggressive' tactics in Brazilian power struggle Sanctioned tycoon Deripaska resigns as director of his firm Rusal The battle for the biggest prize in soccer, worth $370 million, is taking place this weekend One of the biggest names in advertising thinks you're going to get paid for sharing your data European markets seen higher after Trump scraps US-North Korea summit US jury awards Apple $539 million in Samsung patent retrial How Europe’s new privacy law called GDPR is creating big business opportunities Trump can take some lessons from the failed summit with North Korea, says a former US ambassador A Trump-Kim meeting could still take place down the road China's box office recently beat the US, and is now on the cusp of a 'new growth cycle' Steve Cohen's Point72 is bullish on Asia — and they like these sectors The crackdown on cryptocurrencies is a good thing, say traders Read the full statement from South Korean President Moon Jae In here Asian stocks poised to slide after Trump cancels North Korea summit Cramer Remix: Don’t let this buying opportunity pass again Indigo Agriculture CEO wants to change economics for farmers with a 'revolution in agriculture' The phone company founded by Android creator Andy Rubin is reportedly for sale US bill would force tech companies to disclose foreign software probes Nutanix falls on a wider-than-expected quarterly loss Google employees are spending heavily to elect Democrats in California and to flip the House How to send your Twitter feed back 10 years and see early, silly tweets Facebook shows once again that it does not understand or value journalism Whip yourself into shape by using this Apple Watch feature to compete against friends and family Trump and Europe are entering a 'game of chicken' over Iran nuclear deal sanctions New Boeing 777 will have folding wings Facebook and Twitter announce stricter political ad guidelines ahead of midterms Here is the federal labor complaint the United Auto Workers just filed against Tesla Elon Musk has a history of wild ideas — some of them have worked out Netflix passes Disney and is now biggest pure media company in the world by market value Zuckerberg says Facebook has 'always shared' the values of Europe's new data law Best Buy’s big sell-off could soon be a buying opportunity, says market watcher Iran's Supreme Leader just made 5 tough demands for Europe to save the nuclear deal Ray Dalio said last year gold was good protection because of Trump and North Korea 'playing chicken' Classic dividend stocks are tanking, but think before you make the mistake of selling Watch Facebook's Mark Zuckerberg speak at Viva Tech 2018 as concerns over data protection heighten North Korea summit cancellation part of 'downside risks' for the economy, Fed's Bostic says Spain economy minister says he's not concerned about Italian bond market contagion Art Cashin: Stock drop reflects mistaken assumption Trump would do everything to make North Korea summit work Uber ‘moving in the right direction’ and will hopefully keep London license, exec says Labour laws in 104 countries reserve some jobs for men only Dear oil helps some emerging economies and harms others Tailor shops are a thriving pocket of enterprise in Pyongyang Why it makes sense to invest in Treasury bonds Why even bears about the government-bond market can find merit in Treasuries Who will be the main loser from Europe’s new data-privacy law? What is an audit for? As Tesla’s share price falls, it becomes an inviting takeover target How kidnapping insurance keeps a lid on ransom inflation CEO says Crowdstrike's security platform could someday attract Amazon, Google Cisco CEO Chuck Robbins speaks at VivaTech 2018 amid heightened cybersecurity concerns South Korean stocks ETF tumbles after Trump cancels meeting with North Korea's Kim Jong Un Cramer: Trump's investigation into auto imports in the name of national security is a 'stretch' Existing home sales drop 2.5% in April Gold jumps after Trump cancels North Korea summit as global investors seek safety Uber's self-driving SUV saw pedestrian in fatal accident but didn't brake, officials say Trump cancels Singapore nuclear summit with North Korean leader Kim Jong Un JP Morgan: Charts show new market highs are coming soon, led by bank stocks GE doesn't plan to cut dividend again, sources say

Asia

Trump's Iran deal pullout sends a bad message to North Korea, former UN chief says

Former UN Secretary-General Ban Ki-Moon is worried about America’s image when it comes to establishing credibility in its upcoming talks with North Korea.

President Donald Trump’s recent decision to withdraw from the Iranian Nuclear Deal does not set a good precedent for reliability and that will matter to North Korea President Kim Jong Un during upcoming nuclear talks, the South Korean diplomat told CNBC’s Nancy Hungerford on Wednesday.

“I personally believe that it has given a very problematic message in terms of credibility, and trust and confidence in (the) U.S. What kind of message North Korea will get from this?” Ban asked.

“Can I trust the U.S. president? This may be the first question by North Korea’s leader.”

Trump on May 8 announced America’s withdrawal from the Iran deal, formally called the Joint Comprehensive Plan of Action (JCPOA), signed in 2015 with China, France, Russia, the U.K. and Germany. The landmark agreement lifted economic sanctions on Iran in exchange for restrictions on its nuclear program, and the International Atomic Energy Agency regularly reported that Iran was in compliance with its rules.

Trump, however, vocally derided it, calling it the “worst deal ever” and pledging to do away with it as he has done with a number of policy actions by the Barack Obama administration.

With the stated aim of denuclearizing the Korean Peninsula, the Trump administration has scheduled talks with North Korea’s Kim. Planned to take place in Singapore on June 12, the meeting would be the first ever between a sitting U.S. president and a North Korean head of state.

Following the historic signing of a peace agreement in April between North and South Korea’s presidents in the border truce village of Panmunjom, hopes are high for progress on peace and nuclear talks between the two longtime adversaries and with the U.S. But Trump’s Iran move casts an unfavorable light on his negotiating position, Ban said.

“Now they’re on the verge of agreeing a very grand and big agreement between U.S. and North Korean leader, and there was very historic agreement between South Korean president and North Korean leader in Panmunjom. Then all this agreement, having seen what happened to JCPOA in Iran, what kind of message North Korea’s leader will have?”

Ban added that he had long been warning the Trump administration against leaving the JCPOA, but to no avail. “Now it has been done, I sincerely hope that President Trump will have a successful meeting and convince North Korea that this time, the U.S. will be strongly committed, together with South Korea.”

Ban also discussed his skepticism over North Korea’s sincerity in its pledges, recounting four previous instances going back to the 1990s in which the North backtracked on its agreements to work toward denuclearization.

Asked if Trump was deserving of a Nobel Prize, as was suggested by the South Korean President Moon Jae-In, Ban was reserved.

“I do not want to prejudge, or impinge upon the judgment and integrity of the Nobel Committee,” he said. “This is up to them to decide.”

In an unexpected move, North Korea on Tuesday abruptly cancelled talks with the South planned for Wednesday and threatened to walk away from the U.S. negotiations.

Pyongyang blamed joint military drills between the U.S. and South Korea, longtime security partners, for triggering “provocation” and accused them of preparing for an invasion. The head of the North’s delegation for the talks said his country was “indefinitely canceling the planned high-level inter-Korean talks” due to the military exercises.

The Pentagon defended the drills, describing them as “defensive exercises” that are “part of the ROK-U.S. Alliance’s routine, annual training program to maintain a foundation of military readiness.” The spring exercises have been taking place for decades.

The U.S. State Department said it had not received information concerning a cancellation of the June summit between Trump and Kim, and would continue planning for it.

Source: cnbc china
Trump's Iran deal pullout sends a bad message to North Korea, former UN chief says

Comments are closed.