SEOUL, South Korea >> North Korea said Monday it simulated a nuclear attack on South Korea with a ballistic missile launch over the weekend that was its fifth missile demonstration this month to protest the largest joint military exercises in years between the U.S. and South Korea.
The North’s leader Kim Jong Un instructed his military to hold more drills to sharpen the war readiness of his nuclear forces in the face of “aggression” by his enemies, state media reported.
The South Korean and Japanese militaries detected the short-range missile being launched Sunday into waters off the North’s eastern coast less than an hour before the U.S. flew long-range B-1B bombers for training with South Korean warplanes. The North characterizes the U.S.-South Korea exercises as a rehearsal to invade, though the allies insist they are defensive in nature.
Pyongyang’s official Korean Central News Agency said the missile, which flew about 500 miles, was tipped with a mock nuclear warhead. It described the test as successful, saying that the device detonated as intended 800 meters above water at a spot that simulated an unspecified “major enemy target,” supposedly reaffirming the reliability of the weapon’s nuclear explosion control devices and warhead detonators.
The report said the launch was the final step of a two-day drill that also involved nuclear command and control exercises and training military units to switch more quickly into nuclear counterattack posture, properly handle nuclear weapons systems and execute attack plans.
The exercise was also a “stronger warning” to the United States and South Korea, who are “undisguised in their explicit attempt to unleash a war” against the North, KCNA said.
UBS buying Credit Suisse for nearly $3.25B
GENEVA >> Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.
Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to $54 billion failed to reassure investors and the bank’s customers. Shares of Credit Suisse and other banks plunged this week after the failure of two banks in the U.S. sparked concerns about other potentially shaky institutions in the global financial system.
Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail.
The deal was “one of great breadth for the stability of international finance,” said Swiss President Alain Berset as he announced it Sunday night. “An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system.”
Switzerland’s executive branch, a seven-member governing body that includes Berset, passed an emergency ordinance allowing the merger to go through without shareholder approval.
Lawyer invited to testify for Trump jury
WASHINGTON >> A lawyer who previously advised Michael Cohen, the key government witness in the hush money payment investigation into Donald Trump, has been invited to appear Monday before a Manhattan grand jury that is considering potential charges against the former president, according to a person familiar with the matter.
Robert Costello had advised Cohen before the two had a falling out, and is prepared to offer testimony to the grand jury attacking the credibility of Cohen’s statements, according to the person, who insisted on anonymity to discuss secret legal proceedings.
Costello had contacted a lawyer for Trump saying that he had information that contradicted Cohen’s current statements and that could be exculpatory for Trump, the person said. The lawyer brought it to the attention of the district attorney’s office, which last week subpoenaed Costello’s law firm for records and invited him to provide testimony on Monday afternoon.
Israel, Palestinians aim to curb violence
CAIRO >> Israel and the Palestinians pledged Sunday at a meeting in Egypt to take steps to lower tensions ahead of a sensitive holiday season — including a partial freeze on Israeli settlement activity and an agreement to work together to “curb and counter violence.”
But a Palestinian shooting attack that wounded two Israelis in the occupied West Bank underscored the tough work that lies ahead as the Muslim holy month of Ramadan approaches this week.
The Israeli and Palestinian delegations met for the second time in less than a month, shepherded by regional allies Egypt and Jordan, as well as the United States, to end a year-long spasm of violence. More than 200 Palestinians have been killed by Israeli fire in the West Bank and east Jerusalem, and more than 40 Israelis or foreigners have been killed in Palestinian attacks during that time.
Biden calls Netanyahu about judicial plan
WILMINGTON, Del. >> President Joe Biden spoke Sunday with Israeli Prime Minister Benjamin Netanyahu to express “concern” over his government’s planned overhaul of the country’s judicial system that has sparked widespread protests across Israel and to encourage compromise.
The White House said Biden reiterated U.S. concerns about the measure to roll back the judiciary’s insulation from the country’s political system, in a call a senior administration official described as “candid and constructive.” There was no immediate indication that Netanyahu was shying away from the action, after rejecting a compromise last week offered by the country’s figurehead president.
The official, who requested anonymity to discuss the leaders’ private call, said that Biden spoke to Netanyahu “as a friend of Israel in the hopes that there can be a compromise formula found.”
Nations approve UN climate change report
BERLIN >> Governments gave their blessing on Sunday to a major new U.N. report on climate change, after approval was held up by a battle between rich and developing countries over emissions targets and financial aid to vulnerable nations.
The report by hundreds of the world’s top scientists was supposed to be approved by government delegations on Friday at the end of a weeklong meeting in the Swiss town of Interlaken.
The closing gavel was repeatedly pushed back as officials from big nations such as China, Brazil, Saudi Arabia, the United States and the European Union haggled through the weekend over the wording of key phrases in the text.
The report by the U.N. Intergovernmental Panel on Climate Change caps a series that digests vast amounts of research on global warming compiled since the Paris climate accord was agreed in 2015.
Terrorism charges filed against ex-Pakistan PM
ISLAMABAD >> Police in the Pakistani capital filed charges Sunday against former Prime Minister Imran Khan, 17 of his aides and scores of supporters, accusing them of terrorism and several other offenses after the ousted premier’s followers clashed with security forces in Islamabad the previous day.
For hours on Saturday, Khan’s followers clashed with police outside a court where the former prime minister was to appear in a graft case. Riot police wielded batons and fired tear gas while Khan’s supporters threw fire bombs and hurled rocks at the officers.
More than 50 officers were injured and a police checkpoint, several cars and motorcycles were torched. Police said 59 of Khan’s supporters were arrested during the violence.
Khan never actually appeared inside the court to face charges that he had sold state gifts received while in office and concealed assets.
Curfew in Miami Beach after 2 fatal shootings
MIAMI BEACH, Fla. >> Miami Beach officials imposed a curfew beginning Sunday night during spring break after two fatal shootings and rowdy, chaotic crowds that police have had difficulty controlling.
The city said in a news release the curfew would be from 11:59 p.m. Sunday until 6 a.m. Monday, with an additional curfew likely to be put in place Thursday through next Monday, March 27. The curfew mainly affects South Beach, the most popular party location for spring breakers.
The release said the two separate shootings Friday night and early Sunday that left two people dead and “excessively large and unruly crowds” led to the decision. The city commission plans a meeting Monday to discuss potential further restrictions next week.
Ethiopia’s Yimer wins L.A. marathon
LOS ANGELES >> Jemal Yimer of Ethiopia won the men’s division of the Los Angeles Marathon on Sunday, while Stacy Ndiwa of Kenya took the women’s division.
Yimer completed the 26.2-mile course through city streets in 2 hours, 13 minutes, 13.58 seconds.
Yemane Tsegay of Ethiopia was second in 2:14:06.95. Barnaba Kipkoech of Kenya was third in 2:14:27.36 on a cloudy day with temperatures near 60 degrees.
— From news services