North Korea’s Kim to Putin: US acted in ‘bad faith’ at Hanoi talks

Russian President Vladimir Putin, right, presents a Korean sword to North Korea's leader Kim Jong Un during their meeting in Vladivostok, Russia, on April 25, 2019. (Alexei Nikolsky, Sputnik, Kremlin Pool Photo via AP)
Updated 26 April 2019
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North Korea’s Kim to Putin: US acted in ‘bad faith’ at Hanoi talks

  • At Hanoi, Pyongyang demanded immediate relief from US sanctions, but the two sides disagreed over what the North was prepared to give up in return
  • Russia has already called for the sanctions to be eased, while the US has accused it of trying to help Pyongyang evade some of the measures

VLADIVOSTOK, Russia: At his first summit with Russia’s Vladimir Putin, North Korean leader Kim Jong Un accused the United States of acting in “bad faith” at their most recent talks, state media in Pyongyang said Friday.
Kim and Putin met Thursday in the far eastern Russian port of Vladivostok, for their first summit — squarely aimed at countering US influence as Kim faces off with Donald Trump over Pyongyang’s nuclear arsenal.
Putin was keen to put Moscow forward as a player in a new global flashpoint — and it appears Kim was eager to take him up on the idea, during talks described by KCNA as “unreserved and friendly.”
The two leaders greeted each other warmly, shaking hands and sharing smiles, at the start of meetings on an island off Vladivostok that lasted nearly five hours.
Putin, known for delaying meetings with international guests, was waiting for Kim when he emerged from his limousine.
During the talks, Kim said “the situation on the Korean peninsula and the region is now at a standstill and has reached a critical point,” the Korean Central News Agency said.
He warned that the situation “may return to its original state as the US took a unilateral attitude in bad faith at the recent second DPRK-US summit talks,” the agency added.
“Peace and security on the Korean peninsula will entirely depend on the US future attitude, and the DPRK will gird itself for every possible situation,” KCNA quoted Kim as saying.
The Kim-Trump summit broke down in late February without a deal on North Korea’s nuclear arsenal.
At those talks, cash-strapped Pyongyang demanded immediate relief from sanctions, but the two sides disagreed over what the North was prepared to give up in return.
Russia has already called for the sanctions to be eased, while the US has accused it of trying to help Pyongyang evade some of the measures — accusations Moscow denies.
Just a week ago, Pyongyang demanded the removal of US Secretary of State Mike Pompeo from the stalled nuclear talks, accusing him of derailing the process.
On Thursday, Putin emerged from the meeting saying that like Washington, Moscow supports efforts to reduce tensions on the Korean peninsula and prevent nuclear conflicts.
But he also insisted that the North needed “guarantees of its security, the preservation of its sovereignty.”
“We need to... return to a state where international law, not the law of the strongest, determines the situation in the world,” Putin said.
Kim said he hoped to usher in a “new heyday” in ties between Pyongyang and Moscow.
Both men said they were looking to strengthen ties that date back to the Soviet Union’s support for the founder of North Korea, Kim’s grandfather Kim Il Sung.
The two shared a lunch that included borscht, crab salad and venison dumplings, Russian news agency TASS reported.
The North Korean leader invited Putin to visit North Korea “at a convenient time” and the invitation was “readily accepted,” KCNA said.
Kim, who arrived in Vladivostok aboard his armored train, was expected to stay until Friday for cultural events that Russian media have reported will include a ballet and a visit to the city’s aquarium.
The meeting was Kim’s first with another head of state since returning from his Hanoi summit with Trump.
It followed repeated invitations from Putin after Kim embarked on a series of diplomatic overtures last year.
Since March 2018, the North Korean leader has held four meetings with Chinese President Xi Jinping, three with South Korea’s Moon Jae-in, two with Trump and one with Vietnam’s president.
Putin told reporters that he would fill in Washington on the results of the talks.
“There are no secrets here, no conspiracies... Chairman Kim himself asked us to inform the American side of our position,” said Putin.
There were no concrete announcements or agreements in Vladivostok, but analysts said Thursday’s meeting was valuable to both sides.
“For North Korea, it’s all about securing another exit. China talks about sanctions relief but it doesn’t really put it into action,” said Koo Kab-woo, a professor at the University of North Korean Studies in Seoul.
“For Russia, North Korea is elevating it back to one of the direct parties, on the same footing as China.”
Among the issues that were likely discussed was the fate of some 10,000 North Korean laborers working in Russia and due to leave by the end of this year under sanctions.
Labour is one of North Korea’s key exports and sources of cash. Pyongyang has reportedly asked Russia to continue to employ its workers after the deadline.
Soon after his first election as Russian president, Putin sought to normalize relations with Pyongyang and met Kim Jong Il — the current leader’s father and predecessor — three times, including a 2002 meeting also held in Vladivostok.
China has since cemented its role as the isolated North’s most important ally, its largest trading partner and crucial fuel supplier, and analysts say Kim could be looking to balance Beijing’s influence.
The last meeting between the leaders of Russia and North Korea came in 2011, when Kim Jong Il told then-president Dmitry Medvedev that he was prepared to renounce nuclear testing.
His son has since overseen by far the country’s most powerful blast to date, and launch of missiles which Pyongyang says are capable of reaching the entire US mainland.
 


SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

Updated 7 sec ago
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SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

  • The deal is the biggest M&A transaction of all time
  • Deal values xAI at $250 billion, SpaceX at $1 trillion

Elon Musk said on Monday ​that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The deal, first reported by Reuters last week, represents one of the most ambitious tie-ups in the technology sector yet, combining a space-and-defense contractor with a fast-growing AI developer whose costs are largely driven by chips, data centers and energy. It could also bolster SpaceX’s data-center ambitions as Musk competes with rivals like Alphabet’s Google, Meta, Amazon-backed Anthropic ‌and OpenAI in the ‌AI sector.
The transaction values SpaceX at $1 trillion, and ‌xAI ⁠at $250 ​billion, according ‌to a person familiar with the matter.
“This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!” Musk said. The purchase of xAI sets a new record for the world’s largest M&A deal, a distinction held for more than 25 years when Vodafone bought Germany’s Mannesmann in a hostile takeover valued at $203 billion ⁠in 2000, according to data compiled by LSEG. The combined company of SpaceX and xAI is expected to price shares ‌at about $527 each, another person familiar with the matter said. ‍SpaceX was already the world’s most ‍valuable privately held company, last valued at $800 billion in a recent insider share sale. ‍XAI was last valued at $230 billion in November, according to the Wall Street Journal. The merger comes as the space company plans a blockbuster public offering this year that could value it at over $1.5 trillion, two people familiar with the matter said.
SpaceX, xAI and Musk did not immediately respond ​to requests for comment.
The deal further consolidates Musk’s far-flung business empire and fortunes into a tighter, mutually reinforcing ecosystem – what some investors and analysts informally ⁠call the “Muskonomy” – which already includes Tesla, brain-chip maker Neuralink and tunnel firm the Boring Company. The world’s richest man has a history of merging his ventures together. Musk folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform’s data and distribution. In 2016, he used Tesla’s stock to buy his solar-energy company SolarCity.
The agreement could draw scrutiny from regulators and investors over governance, valuation and conflicts of interest given Musk’s overlapping leadership roles across multiple firms, as well as the potential movement of engineers, proprietary technology and contracts between entities.
SpaceX also holds billions of dollars in federal contracts with NASA, the Department of Defense and intelligence agencies, which all have some authority ‌to review M&A transactions for national security and other risks.