Day: June 15, 2020

‘Black Lives Matter’ banner removed from US embassy in Seoul

SEOUL/WASHINGTON (Reuters) — A large “Black Lives Matter” banner draped on the outside of the U.S. embassy in Seoul was removed on Monday after President Donald Trump expressed his displeasure about it, two people familiar with the matter said.

The banner was hung on the front of the mission building on Saturday as the embassy tweeted a message in support of the anti-racism campaign across the United States and worldwide in response to the killing last month of George Floyd, an African American, in Minneapolis police custody.

Trump, who has responded to street protests by declaring himself a “law and

Read More

Japan halts anti-missile Aegis Ashore as costs soar past $2bn

TOKYO — Japan’s deployment of the Aegis Ashore missile defense system will be put on hold due to the ballooning price tag and the logistics of rolling out the hardware, the Defense Ministry said Monday.

“When considering the costs and the time frame, we have no choice but to decide it was not logical” to keep the original schedule, Defense Minister Taro Kono told reporters.

The U.S. State Department approved the sale of the system to Japan, which at the time had an estimated price tag of $2.15 billion. But a slew of problems have raised the estimated costs of

Read More

US stocks rattled by fresh fears of second coronavirus wave

NEW YORK — U.S. stocks tumbled on Monday after spikes in coronavirus infections were reported in parts of the country, as well as in China, where the outbreak had been said to be under control.

The Dow Jones Industrial Average opened with a decline of more than 600 points, or about 2%, and was briefly down more than 700 points before paring its losses. The broader S&P 500 index also opened around 2% lower.

The U.S. market drop followed a broad sell-off in Asia. Japan’s Nikkei Stock Average sank for a third straight trading day, falling 3.5% to close at

Read More

Singapore says virus ‘under control’ as reopening hits phase 2

SINGAPORE — Singapore said Monday it will proceed with plans to reopen most of its economy and allow stores to resume business Friday as the country further eases coronavirus restrictions.

Social gatherings of up to five people will be allowed, and restaurants will be able to accept dine-in guests.

Coronavirus cases continue to rise in the city-state, topping 40,000 with a daily increase of around 400. While virus transmission has been rampant in the tightly packed housing for migrant workers, the government has based its decision to ease restrictions mainly on cases among locals, which have been relatively low.


Read More