Kim Jong Un has brought America and North Korea closer to war, according to the US national security adviser. Korean Central News Agency/Korea News Service
Kim Jong Un has brought America and North Korea closer to war, according to the US national security adviser. Korean Central News Agency/Korea News Service

Likelihood of war against North Korea is “increasing every day”, says McMaster



The likelihood of war with North Korea is “increasing every day”, according to the American national security adviser HR McMaster, who said on Saturday that the rogue state’s latest launch of an intercontinental ballistic missile (ICBM) had significantly increased international tensions.

“I think it’s increasing every day,” he told Fox News host Bret Baier, pointing to the latest North Korean missile launch, which attained an altitude way in excess of previous long-range weapons. North Korean leader Kim Jong Un has set his ambitions on obtaining the nuclear capability to strike at the American mainland.

“The greatest immediate threat to the United States and to the world is the threat posed by the rogue regime in North Korea,” Mr McMaster said. “Every time he conducts a missile launch, a nuclear test, he gets better.”

North Korean state media boasted this week that the successful test of the Hwasong-15, the newest missile in its arsenal, meant it was now capable of delivering a “super-large heavy warhead” to America.

This opinion has been confirmed by military experts familiar with the technology, who say the missile could have followed a trajectory that would have put cities such as Washington DC and New York within range. It is unclear if the technology exists to mount a heavy nuclear warhead on a long-range missile.

Separately, The Sunday Times reported that Donald Trump’s frustration with the Chinese leader Xi Jinping is growing; during their recent meetings Mr Jingping had “pledged to use Beijing’s economic might to persuade North Korea to abandon its nuclear weapons programme.”

The two months before this week’s launch led some to hope that Pyongyang had been reined in by its larger neighbour. But when the North Koreans pulled off the successful deployment of the Hwasong-15, Mr Trump let his frustration with the Chinese show.

“The Chinese envoy who has just returned from North Korea seems to have had no impact on Little Rocket Man,” Trump tweeted, referring to Kim Jong-Un.

In its analysis of the situation, the newspaper notes that despite personal animosity between the leaders of China and North Korea, the US fails to recognise Mr Jingping’s prime concern: to avoid the collapse of the hermit state that would send millions of refugees across the border into China.

That is why the Chinese will not cut off the oil supplies that are the lifeblood of the North Korean economy.

Tong Zhao, a Beijing-based expert on the North’s nuclear programme, told The Sunday Times that. “Beijing and Washington have fundamentally different interpretations of the threat and intent behind North Korea’s weapons programme. That means they have a very different strategy to handle it.”

It is also important to understand the personal concerns that are driving Kim Jong Un’s seemingly reckless and relentless pursuit of a deterrent that scares America. Having seen how fellow authoritarian leaders such as Saddam Hussein and Muammar Gaddafi ended up being killed after they stood up to the West, he has no desire to suffer the same fate.

“You cannot overestimate the importance of those events to Kim’s psyche,” a western diplomat recently posted to Pyongyang told the newspaper. “He is convinced that Saddam and Gadaffi suffered their fates because they did not have WMD to defend themselves. From his perspective, he is not going to make the same mistake. So he is determined to build a nuclear arsenal. And he will never negotiate it away.”

And this view of the world is seemingly endorsed by some in Beijing. the Global Times newspaper, which is watched by many to get the idea of what is going on behind the scenes in the Communist Party leadership, sees Pyongyang as now holding all the trump cards.

“The leverage exerted by the international community on North Korea is almost exhausted,” it wrote. “Now Pyongyang is extremely confident. Condemnation by the UN security council and possible new sanction measures are equal to a few more grains of dust on its body, or a few more drops of rain.”

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

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The Freedom Artist

By Ben Okri (Head of Zeus)

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

UAE currency: the story behind the money in your pockets
Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

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Esperance de Tunis 0
Al Ain 3
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Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
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The specs

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Price: Dh116,900

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