Tag Archives: United States

North Korea bolsters defenses after flight by U.S. bombers as rhetoric escalates

North Korea bolsters defenses after flight by U.S. bombers as rhetoric escalates

By Christine Kim and Christian Shepherd

SEOUL/BEIJING (Reuters) – North Korea has boosted defenses on its east coast, a South Korean lawmaker said on Tuesday, after the North said U.S. President Donald Trump had declared war and that it would shoot down U.S. bombers flying near the peninsula.

Tensions have escalated since North Korea conducted its sixth and most powerful nuclear test on Sept. 3, but the rhetoric has reached a new level in recent days with leaders on both sides exchanging threats and insults.

North Korean Foreign Minister Ri Yong Ho said Trump’s Twitter comments, in which the U.S. leader said Ri and leader Kim Jong Un “won’t be around much longer” if they acted on their threats, amounted to a declaration of war and that Pyongyang had the right to take countermeasures.

South Korean lawmaker Lee Cheol-uoo, briefed by the country’s spy agency, said the reclusive North was in fact bolstering its defenses by moving aircraft to its east coast and taking other measures after U.S. bombers flew close to the Korean peninsula at the weekend.

Lee said the United States appeared to have disclosed the flight route of the bombers intentionally because North Korea seemed to be unaware.

Ri, the foreign minister, said on Monday the North’s right to countermeasures included shooting down U.S. bombers “even when they are not inside the airspace border of our country”. (Graphics on ‘Kim’s latest act of defiance’ – http://fingfx.thomsonreuters.com/gfx/rngs/NORTHKOREA-MISSILES/010050KV1C3/index.html)

“The whole world should clearly remember it was the U.S. who first declared war on our country,” he told reporters in New York on Monday, where he had been attending the annual United Nations General Assembly.

“The question of who won’t be around much longer will be answered then,” he said.

White House spokeswoman Sarah Sanders denied on Monday that the United States had declared war, calling the suggestion “absurd”.

Speaking in Beijing, Chinese Foreign Ministry spokesman Lu Kang said war on the Korean peninsula would have no winner.

“We hope the U.S. and North Korean politicians have sufficient political judgment to realize that resorting to military force will never be a viable way to resolve the peninsula issue and their own concerns,” Lu told a daily news briefing.

“We also hope that both sides can realize that being bent on assertiveness and provoking each other will only increase the risk of conflict and reduce room for policy maneuvers. War on the peninsula will have no winner.”

Chinese Foreign Minister Wang Yi, speaking on the sidelines of a U.N. meeting in New York, said the situation on the Korean peninsula was at a very dangerous stage, the foreign ministry said on Tuesday.

The urgent task was to prevent North Korea’s nuclear and missile programs progressing, to avoid a further escalation in tensions and to especially prevent resorting to arms, Wang added.

While repeatedly calling for dialogue to resolve the issue, China has also signed up for increasingly tough U.N. sanctions against North Korea.

China’s fuel exports to North Korea fell in August, along with iron ore imports from the isolated nation, as trade slowed after the latest U.N. sanctions, but coal shipments resumed after a five-month hiatus, customs data showed on Tuesday.

South Korean President Moon Jae-in urged Kim Jong Un to resume military talks and reunions of families split by the 1950-53 Korean War to ease tension.

“Like I’ve said multiple times before, if North Korea stops its reckless choices, the table for talks and negotiations always remains open,” said Moon.

He was speaking at a event to mark an Oct.4, 2007, summit declaration promoting goodwill signed between then-South Korean president Roh Moo-hyun and his North Korean counterpart, Kim Jong Il, Kim Jong Un’s father.

In Moscow, Russia’s Foreign Ministry said it was working behind the scenes to find a political solution and that using sanctions against North Korea was almost exhausted.

During a visit to India, U.S. Defense Secretary James Mattis said diplomatic efforts continued.

“You have seen unanimous United Nations Security Council resolutions passed that have increased the pressure, economic pressure and diplomatic pressure, on the North, and at the same time, we maintain the capability to deter North Korea’s most dangerous threats,” he told reporters in the Indian capital.

RISK OF MISCALCULATION

U.S. Air Force B-1B Lancer bombers escorted by fighter jets flew east of North Korea in a show of force after a heated exchange of rhetoric between Trump and Kim.

North Korea has been working to develop nuclear-tipped missiles capable of hitting the U.S. mainland, which Trump has said he will never allow.

The United States and South Korea are technically still at war with North Korea after the 1950-53 conflict ended in a truce and not a peace treaty.

The Sept. 3 nuclear test prompted a new round of sanctions on North Korea after the Security Council voted unanimously on a resolution condemning the test.

The North says it needs its weapons programs to guard against U.S. invasion and regularly threatens to destroy the United States, South Korea and Japan.

However, the rhetoric has been ratcheted up well beyond normal levels, raising fears that a miscalculation by either side could have massive repercussions.

Trump’s threat last week to totally destroy North Korea, a country of 26 million people, if it threatened the United States or its allies, prompted an unprecedented direct statement by Kim, calling Trump a “mentally deranged U.S. dotard” and vowing to tame the U.S. threat with fire.

White House National Security Adviser H.R. McMaster defended Trump’s rhetoric and said on Monday he agreed that the risk was that Kim might fail to realize the danger he and his country faced.

However, McMaster also acknowledged the risks of escalation with any U.S. military option.

“We don’t think there’s an easy military solution to this problem,” said McMaster, who believed any solution would be an international effort.

“There’s not a precision strike that solves the problem. There’s not a military blockade that can solve the problem.”

(Additional reporting by Michelle Nichols at the UNITED NATIONS, Dmitry Solovyov in MOSCOW and Malini Menon in NEW DELHI; Writing by Paul Tait and Ben Blanchard; Editing by Nick Macfie and Clarence Fernandez)

U.S. hopes for ‘good deliverables’ during Trump’s China visit

U.S. Secretary of Commerce Wilbur Ross meets Chinese Premier Li Keqiang at the Zhongnanhai state guesthouse in Beijing, China, September 25, 2017.

By Christian Shepherd

BEIJING (Reuters) – The United States hopes there will be some “very good deliverables” when President Donald Trump visits China, U.S. Commerce Secretary Wilbur Ross said on Monday, striking an upbeat tone amid trade tensions between the two countries.

Trump will likely visit China in November as part of a trip that will take him to an Association of Southeast Asian Nations (ASEAN) summit in the Philippines and an Asia-Pacific Economic Cooperation (APEC) summit in Vietnam.

China’s relationship with the United States has been strained by the Trump administration’s criticism of China’s trade practices and by demands that Beijing do more to pressure North Korea to halt its nuclear weapons and missiles programs.

Meeting in Beijing, Ross told Chinese Premier Li Keqiang he and his delegation had been greeted very warmly which augurs well for Trump’s forthcoming trip to meet Chinese President Xi Jinping.

“We are looking forward to a very good session including a lot of American CEOs and we hope there will be some very good deliverables,” Ross said, in comments in front of reporters.

Li told Ross that the two countries’ common interests far outweighed their differences and their economic and trade relationship had enormously benefited both countries and the world.

“China is the world’s largest developing country while the United States is the world’s biggest developed country,” Li said.

“In addition to that, China and the United States are the largest trading partners with each other, so I think it is fair to say that our common interests far outweigh our differences and divergences,” he added.

“Over the years, economic and trade relations between our two countries have always served as a ballast for our overall bilateral relationship and also these important trade and economic relations have benefited enormously our two peoples as well as the whole world.”

State media quoted Li as further saying that China hopes the United States will give fair treatment to Chinese companies’ investments there, as well as ease restrictions on high-tech exports.

Meeting earlier in the day, Chinese Commerce Minister Zhong Shan told Ross that there was huge potential for cooperation and China was willing to “manage and control” disputes, the ministry said in a statement.

China was willing to create good conditions for Trump’s visit and ensure his trip was fruitful, Zhong added.

Xi and Trump met for the first time in person at Trump’s Mar-A-Lago estate in Florida in April. Trump has since played up his personal relationship with Xi, even when criticizing China over North Korea and trade.

The two sides launched a 100-day economic plan at that meeting, including some industry-specific announcements such as the resumption of American beef sales in China.

There has since been limited progress on trade relations.

Ross’s visit comes at a time of heightened trade tensions between the United States and China following Trump’s decision earlier this month to block a Chinese-backed private equity firm from buying a U.S.-based chipmaker.

In August, Trump authorized an inquiry into China’s alleged theft of intellectual property – the first direct trade measure by his administration against Beijing.

During his campaign, Trump vowed repeatedly to declare China a currency manipulator once in office but in April backed off from that threat.

Trump’s administration has also repeatedly called on China to do more to rein in North Korea and has threatened new sanctions on Chinese banks and other firms doing business with Pyongyang.

China says it is already doing all it can to pressure North Korea and that those countries directly involved in the stand-off on the peninsula should take responsibility for resolving tensions.

There was no mention of North Korea in the comments Li and Ross made in front of reporters.

 

(Reporting by Christian Shepherd; Writing by Ben Blanchard; Editing by Nick Macfie)

 

North Korea says U.S. ‘declared war’ warns it could shoot down U.S. bombers

North Korean Foreign Minister Ri Yong-ho walks to speak to the media outside the Millennium hotel New York, U.S., September 25, 2017.

By Michelle Nichols, Ben Blanchard and Christine Kim

UNITED NATIONS/BEIJING/SEOUL (Reuters) – North Korea’s foreign minister said on Monday that President Donald Trump had declared war on North Korea and that Pyongyang reserves the right to take countermeasures, including shooting down U.S. bombers even if they are not in its air space.

“The whole world should clearly remember it was the U.S. who first declared war on our country,” Foreign Minister Ri Yong Ho told reporters in New York.

“Since the United States declared war on our country, we will have every right to make countermeasures, including the right to shoot down United States strategic bombers even when they are not inside the airspace border of our country,” Ri said.

“The question of who won’t be around much longer will be answered then,” Ri said in a direct reference to a Twitter post by Trump on Saturday.

The increasingly heated rhetoric between Trump and North Korean leader Kim Jong Un is raising fears of a risk of a miscalculation by one side or the other that could have massive repercussions.

China called on Monday for all sides in the North Korea missile crisis to show restraint and not “add oil to the flames.”

Ri told the U.N. General Assembly on Saturday that targeting the U.S. mainland with its rockets was inevitable after “Mr Evil President” Trump called Kim a “rocket man” on a suicide mission.

“Just heard Foreign Minister of North Korea speak at U.N. If he echoes thoughts of Little Rocket Man, they won’t be around much longer!” Trump said on Twitter on Saturday.

North Korea, which has pursued its missile and nuclear programs in defiance of international condemnation and economic sanctions, said it “bitterly condemned the reckless remarks” of Trump. They were an “intolerable insult to the Korean people” and a declaration of war, the North’s official news agency said on Monday.

Pyongyang accuses the United States, which has 28,500 troops in South Korea, a legacy of the 1950-53 Korean war, of planning to invade and regularly threatens to destroy it and its Asian allies. The United States and South Korea are technically still at war with North Korea because the 1950s conflict ended with a truce, not a peace treaty.

U.S. Treasury yields fell to session lows after Ri’s comments on Monday.

 

‘DERANGED’

In an unprecedented direct statement on Friday, Kim described Trump as a “mentally deranged U.S. dotard” whom he would tame with fire.

Kim said North Korea would consider the “highest level of hard-line countermeasure in history” against the United States and that Trump’s comments had confirmed his nuclear program was “the correct path”.

Trump threatened in his maiden U.N. address last Tuesday to “totally destroy” the country of 26 million people if North Korea threatened the United States or its allies.

Asked how concerned China was the war of words between Trump and North Korea could get out of control, Foreign Ministry spokesman Lu Kang described the situation as highly complex and sensitive.

It was vitally important everyone strictly, fully and correctly implemented all North Korea related U.N. resolutions, Lu said, resolutions which call for both tighter sanctions and efforts to resume dialogue.

All sides should “not further irritate each other and add oil to the flames of the tense situation on the peninsula at present”, Lu told a daily news briefing.

“We hope all sides do not continue doing things to irritate each other and should instead exercise restraint.”

Speaking to British Prime Minister Theresa May by telephone, Chinese President Xi Jinping repeated Beijing’s position that the North Korean issue should be resolved peacefully via talks, state media said.

China hopes Britain can play a constructive role in easing the situation and pushing for a resumption in talks, Xi said. May, like some other U.S. allies, has pushed for China to do more on North Korea.

Downing Street said the two leaders agreed there was a particular responsibility for China and Britain, as permanent Security Council members, to help find a diplomatic solution.

North Korea conducted its sixth and most powerful nuclear bomb test on Sept. 3. Pyongyang said on Friday it might test a hydrogen bomb over the Pacific Ocean.

While China has been angered by North Korea’s repeated nuclear and missile tests, it has also called for the United States and its allies to help lessen tension by dialing back their military drills.

U.S. Air Force B-1B Lancer bombers escorted by fighters flew in international airspace over waters east of North Korea on Saturday in a show of force the Pentagon said indicated the range of military options available to Trump.

In response to a question about the exercises, Chinese spokesman Lu said: “A continued rise in tensions on the peninsula, I believe, is not in the interests of any side.”

Wang Jingdong, president of the world’s largest lender Industrial and Commercial Bank of China (ICBC), told reporters during a briefing the bank will “strictly implement U.N. Security Council decisions related to North Korea and carefully fulfill relevant international responsibility”.

Japanese Prime Minister Shinzo Abe on Monday said his decision to call a snap election would not distract his government from responding to North Korean threats.

 

(Reporting by Michelle Nichols at the United Nations, Ben Blanchard in Beijing and Christine Kim in Seoul; Additional reporting by Shu Zhang in Beijing, Elizabeth Piper in London and Kiyoshi Takenaka in Tokyo; Writing by Philip Wen; Editing by Nick Macfie and Grant McCool)

 

Trump slaps travel restrictions on North Korea, Venezuela in sweeping new ban

International passengers wait for their rides outside the international arrivals exit at Washington Dulles International Airport in Dulles, Virginia, U.S. September 24, 2017.

By Jeff Mason and Phil Stewart

WASHINGTON (Reuters) – President Donald Trump on Sunday slapped new travel restrictions on citizens from North Korea, Venezuela and Chad, expanding to eight the list of countries covered by his original travel bans that have been derided by critics and challenged in court.

Iran, Libya, Syria, Yemen and Somalia were left on the list of affected countries in a new proclamation issued by the president. Restrictions on citizens from Sudan were lifted.

The measures help fulfill a campaign promise Trump made to tighten U.S. immigration procedures and align with his “America First” foreign policy vision. Unlike the president’s original bans, which had time limits, this one is open-ended.

“Making America Safe is my number one priority. We will not admit those into our country we cannot safely vet,” the president said in a tweet shortly after the proclamation was released.

Iraqi citizens will not be subject to travel prohibitions but will face enhanced scrutiny or vetting.

The current ban, enacted in March, was set to expire on Sunday evening. The new restrictions are slated to take effect on Oct. 18 and resulted from a review after Trump’s original travel bans sparked international outrage and legal challenges.

The addition of North Korea and Venezuela broadens the restrictions from the original, mostly Muslim-majority list.

An administration official, briefing reporters on a conference call, acknowledged that the number of North Koreans now traveling to the United States was very low.

Rights group Amnesty International USA condemned the measures.

“Just because the original ban was especially outrageous does not mean we should stand for yet another version of government-sanctioned discrimination,” it said in a statement.

“It is senseless and cruel to ban whole nationalities of people who are often fleeing the very same violence that the U.S. government wishes to keep out. This must not be normalized.”

The American Civil Liberties Union said in a statement the addition of North Korea and Venezuela “doesn’t obfuscate the real fact that the administration’s order is still a Muslim ban.”

The White House portrayed the restrictions as consequences for countries that did not meet new requirements for vetting of immigrants and issuing of visas. Those requirements were shared in July with foreign governments, which had 50 days to make improvements if needed, the White House said.

A number of countries made improvements by enhancing the security of travel documents or the reporting of passports that were lost or stolen. Others did not, sparking the restrictions.

The announcement came as the U.S. Supreme Court prepares to hear oral arguments on Oct. 10 over the legality of Trump’s previous travel ban, including whether it discriminated against Muslims.

 

NORTH KOREA, VENEZUELA ADDED

Trump has threatened to “destroy” North Korea if it attacks the United States or its allies. Pyongyang earlier this month conducted its most powerful nuclear bomb test. The president has also directed harsh criticism at Venezuela, once hinting at

a potential military option to deal with Caracas.

But the officials described the addition of the two countries to Trump’s travel restrictions as the result of a purely objective review.

In the case of North Korea, where the suspension was sweeping and applied to both immigrants and non-immigrants, officials said it was hard for the United States to validate the identity of someone coming from North Korea or to find out if that person was a threat.

“North Korea, quite bluntly, does not cooperate whatsoever,” one official said.

The restrictions on Venezuela focused on Socialist government officials that the Trump administration blamed for the country’s slide into economic disarray, including officials from the Bolivarian National Intelligence Service and their immediate families.

Trump received a set of policy recommendations on Friday from acting Secretary of Homeland Security Elaine Duke and was briefed on the matter by other administration officials, including Attorney General Jeff Sessions and Secretary of State Rex Tillerson, a White House aide said.

The rollout on Sunday was decidedly more organized than Trump’s first stab at a travel ban, which was unveiled with little warning and sparked protests at airports worldwide.

Earlier on Sunday, Trump told reporters about the ban: “The tougher, the better.”

Rather than a total ban on entry to the United States, the proposed restrictions differ by nation, based on cooperation with American security mandates, the threat the United States believes each country presents and other variables, officials said.

Somalis, for example, are barred from entering the United States as immigrants and subjected to greater screening for visits.

After the Sept. 15 bombing attack on a London train, Trump wrote on Twitter that the new ban “should be far larger, tougher and more specific – but stupidly, that would not be politically correct.”

The expiring ban blocked entry into the United States by people from the six countries for 90 days and locked out most aspiring refugees for 120 days to give Trump’s administration time to conduct a worldwide review of U.S. vetting procedures for foreign visitors.

Critics have accused the Republican president of discriminating against Muslims in violation of constitutional guarantees of religious liberty and equal protection under the law, breaking existing U.S. immigration law and stoking religious hatred.

Some federal courts blocked the ban, but the U.S. Supreme Court allowed it to take effect in June with some restrictions.

 

(Additional reporting by James Oliphant, Yeganeh Torbati, and Lawrence Hurley; Editing by Peter Cooney)

 

Corporate donations for Harvey, Irma disaster relief near $225 million

A destroyed house is pictuerd following Hurricane Irma in Ramrod Key, Florida, U.S., September 20, 2017. REUTERS/Carlo Allegri

By Ruthy Munoz

HOUSTON (Reuters) – Corporate donations for Hurricanes Harvey and Irma relief funds totaled nearly $225 million by Friday and pledges continued to be made, the U.S. Chamber of Commerce Foundation said.

Automakers and energy companies, some of them affected by the most powerful storm to hit Texas’ Gulf Coast in 50 years, are among the prominent corporate donors. Texas, the biggest oil-producing state, was pummeled by Harvey when it made landfall as a powerful Category 4 hurricane and proceeded to dump more than 50 inches of rain on the Houston region.

In all, around 90 businesses have donated at least $1 million each, Bailey Jacobs, a spokeswoman for the Chamber of Commerce Foundation.

Phillips 66 donated $4 million, an amount divided among the American Red Cross, Rebuild Texas Fund and United Way of Greater Houston, the company said in a statement. Mining and energy company BHP Billiton PLC’s foundation donated $1.25 million to the American Red Cross, said James Ensor, BHP Billiton Foundation executive officer and president.

Some companies have donated to Rebuild Texas Fund, started by computer magnate Michael Dell in collaboration with OneStar Foundation. It received pledges for $68.6 million as of Friday, according to its website. The fund aims to raise $100 million to rebuild communities in Texas affected by Harvey.

BP donated 200,000 gallons of fuel to the city of Houston and Harris County’s emergency management office to help with clean-up efforts and donated $750,000 for food, water, shelter and health services for flood victims, a spokesman said in a statement.

Automaker Ford Motor Co and its dealers donated more than $3.5 million in disaster relief and $500,000 to the Red Cross, a spokesman said in a statement. Chevrolet, a division of General Motors Co, donated $1 million to Habitat for Humanity, said spokesman James Cain. Ford, Fiat Chrysler Automobiles , GM and Hyundai Motor Co offered discounts for customers needing to replace flooded vehicles, the companies said in separate releases.

Donations also are being funneled to storm-hit areas of Florida and the Caribbean.

“Companies are tailoring their responses to each disaster to ensure they are supporting the communities in need,” said Chamber of Commerce Foundation spokesman Marc DeCourcey.

Celebrities contributing to hurricane relief efforts include Houston Texans’ football player J.J. Watt, actor Sandra Bullock, and singers Beyonce Knowles and Janet Jackson. Watt’s Houston Flood Relief Fund had $37 million worth of pledges on Friday, bringing the total of corporate and celebrity donations to over $300 million.

(Reporting by Ruthy Munoz; Editing by Marcy Nicholson and Leslie Adler)

U.S. mainland Puerto Ricans anguished, unable to reach loved ones

Evelyn Carrillo, 24, (L) and Deserie Rivera, 34, pose for a photo at Café Borinquen, the Puerto Rican restaurant where they work in Plantation, Florida, U.S., September 21, 2017. Photo taken September 21, 2017. REUTERS/Bernie Woodall

By Bernie Woodall and Stephanie Kelly

FORT LAUDERDALE, Fla./NEW YORK (Reuters) – Deserie Rivera is having difficulty sleeping at night, unable to get through to Puerto Rico to find out if her mother is safe after Hurricane Maria struck.

Rivera, a 34-year-old waitress at a Puerto Rican restaurant in the southern Florida city of Sunrise, says that she knows that she is not alone. She has many friends who also cannot reach their loved ones on the devastated island.

“I just want to hear their voices. I want to know they are OK,” Rivera said on Friday morning, desperate after three days to get word about her mother, Noemi Vazquez, 57, and the rest of her family in Vega Alta, on the hard-hit northern part of the island, where six people were confirmed dead by Friday morning.

The day after the Category 4 hurricane struck on Wednesday, more than 95 percent of wireless cell sites were not working on island, the U.S. Federal Communications Commission said. [nL2N1M2214] And nearly no one had electricity.

The communications breakdown has been painful for many of 5.17 million people living in the United States who identify as Puerto Ricans, a community that outnumbers the 3.4 million who live on the island.

Puerto Ricans live throughout the mainland United States. The New York area including New Jersey has one of the oldest communities, but in recent years, more than a third of islanders moving to the mainland have settled in Florida, a Pew Research study found.

Jorge Ortiz, the 55-year-old owner of Café Borinquen in Plantation, Florida, where Rivera works, said he feared that number of confirmed deaths will grow once communications return and roadways are cleared of downed trees and power lines.

Ortiz is one of several owners of Puerto Rican restaurants in southern Florida who have said they will collect goods to ship to Puerto Rico, part of a grassroots effort to aid those remaining on the island.

“We will keep collecting for as long as it takes, and that may be a long time,” said Ortiz.

What little Rivera has learned from Vega Alta is not all that reassuring.

“My mom’s neighbors were able to send someone I know a text message when they had just enough signal for that but not enough for a phone call,” said Rivera. “They said that they are OK, so I guess my mom is, too. But I don’t know.”

By Friday morning, some communications had been restored.

Lizette Colon, who lives in New York, was finally able to get in contact with her brother Friday morning. She said that others around her still have not heard from family members.

“It’s so emotional,” Colon said, crying. “I just want people here not to forget us.”

(Reporting by Bernie Woodall in Fort Lauderdale, Fla. and Stephanie Kelly in New York; Editing by Steve Orlofsky)

Investor group seeks probe into SEC hack, urges data rules delay

FILE PHOTO: The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington,U.S., on July 6, 2009. REUTERS/Jim Bourg/File Photo

By Michelle Price

WASHINGTON (Reuters) – A global investor group on Friday called for an independent investigation into a cyber breach at the U.S. Securities and Exchange Commission (SEC) and urged the regulator to delay new data-gathering rules until it could assure investors that its computer systems were secure.

Wall Street’s top regulator came under fire on Thursday after admitting hackers had breached its database of corporate announcements in 2016 and might have used it for insider trading.

The Investment Company Institute (ICI), which represents over 95 million U.S. shareholders, wants the SEC to clear up concerns about its cyber defenses before requiring funds to submit monthly performance data to the regulator, Paul Schott Stevens, the group’s chief executive, told Reuters in a phone interview.

“What the SEC breach now makes very clear is precisely what we were concerned about – that market-sensitive information of that nature can be exploited to the disadvantage of millions and millions of investors,” Stevens said.

ICI, whose members hold $20 trillion plus in assets, has raised concerns about how the SEC safeguarded industry data it gathers since 2015.

“I’m certain there will be a full inquiry by the Government of Accountability Office – and there should be, so we understand exactly what happened here,” Stevens said.

In a July report, the Government Accountability Office (GAO), a congressional watchdog, criticized the SEC for failing to fully protect its computer networks from cyber attacks and recommended a slew of improvements. Some of recommendations it had made in previous reports had still not been implemented, it noted.

Former SEC Chair Mary Jo White, in office when the hack occurred, told Reuters in 2016 that cyber security posed the biggest risk to the U.S. financial system.

Her successor, Jay Clayton, uncovered the full extent of the hack after launching a review of the SEC’s cyber security standards earlier this year.

“Some recommendations the GAO made haven’t yet been implemented. There’s obviously a failure here of some kind. That’s why we’re so glad Chairman Clayton has moved to address this,” said Stevens.

The SEC declined to comment.

New reporting rules which start to come into force in December would require funds for the first time to confidentially file complete monthly portfolio holdings with the SEC, data which the ICI has said could easily be used for insider trading if obtained by hackers.

“Until that information security environment has been established, funds should continue to collect data quarterly, not monthly information, as quarterly data is not nearly as sensitive,” said Stevens.

The SEC disclosure came two weeks after credit-reporting company Equifax Inc said a breach had exposed sensitive personal of data up to 143 million U.S. customers. This followed last year’s cyber attack on SWIFT, the global bank messaging system.

Stevens said rules governing the disclosure of such breaches should be tighter for both public and private organizations.

“That disclosure obligation fixes the mind on need to fix the breach in the first instance.”

(Reporting by Michelle Price; editing by Richard Chang and Jonathan Oatis)

U.S. army probes fake evacuation orders sent to U.S. military, families in South Korea

FILE PHOTO - A U.S. Army soldier sits inside their military vehicle as he takes part in Operation Pacific Reach joint logistic exercise in Pohang, South Korea, April 11, 2017. REUTERS/Kim Hong-Ji

By Heekyong Yang

SEOUL (Reuters) – The U.S. military said on Saturday it has opened an investigation into fake mobile phone alerts and social media messages advising U.S. military personnel and their families to evacuate the Korean Peninsula.

The phony messages, which were spread on Thursday, came at a sensitive time, with tensions high after North Korea conducted its sixth and largest nuclear test on Sept. 3. The test and a series of missile launches have triggered a war of words between U.S. President Donald Trump and North Korea’s leader Kim Jong Un.

U.S. Forces Korea (USFK) was not yet aware of how many people received the hoax messages or who was behind them, a spokesman for the USFK told Reuters.

The USFK posted a statement on its official Facebook page on Thursday making clear that the U.S. military did not issue any evacuation-related alerts.

It has also instructed all U.S. Department of Defense personnel and their family to confirm any evacuation-related communications before acting.

The USFK conducts regular biannual noncombatant evacuation operation (NEO) exercises in the spring and fall to rehearse for possible evacuation. The second NEO exercise of the year is scheduled to take place in October.

(Reporting by Heekyong Yang; Editing by Hyunjoo Jin and Lincoln Feast)

U.S. survivalists stock up as disasters roil the planet

U.S. survivalists stock up as disasters roil the planet

By Barbara Goldberg

(Reuters) – Two earthquakes, three monstrous hurricanes and the North Korean missile crisis have U.S. survivalists convinced that the end of the world is nigh. And they are clearing store shelves to stock bunkers in anticipation of Earth’s final chapter.

Sales of freeze-dried food, gas masks and other survival equipment have spiked in recent weeks as so-called “preppers” get ready to ride out any disaster, whether natural or man-made.

Inspiring their actions: images of people helpless against floodwater from Hurricanes Harvey, Irma and Maria and island towns obliterated by their fury. People buried in rubble after earthquakes rattled Mexico. Footage of North Korea’s missiles blazing into the sky.

“It’s been a very busy six or seven weeks here – sales tripled practically overnight,” said Keith Bansemer, vice president for marketing for Idaho-based My Patriot Supply, an online store catering to preppper needs.

“It all started when North Korea shot the missile that was capable of reaching the U.S. Then the hurricanes and two Mexican earthquakes increased sales from California and Cascadia in the Northwest,” he said, referring to the corner of the country where many survivalists have settled because of its relative isolation.

David Yellin, a self-described prepper who lives in California’s San Diego County, said his main concern was the long-expected “big earthquake” along the West Coast.

The 31-year-old police officer has piled enough survival supplies in a closet of the apartment he shares with his fiance and their two dogs to allow them to hunker down for a month.

If disaster forces the couple to flee, each has a “bug-out bag” stuffed with three days of food, water, first aid and water purification supplies, fire-starting materials, a tent and sleeping bag, change of clothes and important documents.

At Ready To Go Survival, founder and chief executive Roman Zrazhevskiy said gas masks were quickly moving off the shelves and overall sales “are up like 700 percent over the last two months.”

A prepper himself, he said his greatest fear was a U.S. economic collapse as a result of the country’s unsustainable debt.

“Once people go hungry, they are going to get to the streets and look for food,” said Zrazhevskiy, 31, who grew up in New York City’s borough of Brooklyn and now lives in Texas.

Customers were snapping up $500 CBRN suits to withstand chemical, biological, radiological and nuclear attack and $200 gas masks in sizes that fit children as young as 5.

“Gas masks? I’ve got tons of those,” said prepper Jerry McMullin, 62, a retired risk assessment analyst whose bunker-like home in Yellow Jacket, Colorado, was built to withstand nuclear attack, biological warfare and a range of natural cataclysms.

Although North Korea is one of his biggest concerns, McMullin is also worried about political instability in Washington leading to riots and mayhem in the cities, he said.

“I’m not a paranoid guy. I just want to be in a position that when it does go to Hell, I’m in a good location to get whatever I need,” said McMullin, who has his own water filtration system and burns his own trash in his solar-powered home.

In recent weeks, some doomsayers have expressed a belief that according to Biblical prophesy Saturday, September 23, would kick off seven years of catastrophic events that would lead to the end of the world as we know it.

David Meade, a Christian numerologist and author, has said that, based on the Book of Revelations, a constellation would appear over Jerusalem on Saturday that would start the seven years of mayhem.

But McMullin said his own respect for Bible prophesy assures him that disaster is not around the corner.

“As far as getting wiped out this weekend, I’m not too worried about that,” McMullin said.

“Maybe it’s a timeline marker and things are going to start getting really ramped up. We are not about to go through mass destruction and fatality. I think people are a little more stable – except for Kim,” he said, referring to North Korea’s President Kim Jong Un.

Preppers including Yellin and McMullin said images of people incapacitated by recent natural disasters left them feeling vindicated about the stockpiles they keep, which raise eyebrows among those who consider their planning extreme.

“I’m more of what I consider a common sense prepper,” Yellin said. “Because at the end of the day, we are responsible for our own safety.”

(Reporting by Barbara Goldberg in New York; Editing by Frank McGurty, Toni Reinhold)

Iran successfully tested new ballistic missile: state media

Iran successfully tested new ballistic missile: state media

DUBAI (Reuters) – Iran has successfully tested a new ballistic missile with a range of 2,000 km (1,200 miles) which it displayed at a military parade on Friday, state media reported on Saturday.

The test-firing of the Khorramshahr missile, which Iran said could carry several warheads, is likely to raise concerns in Washington.

State broadcaster IRIB carried footage of the missile test without giving its time and location, including video from an on-board camera which it said showed the detachment of the cone that carries multiple warheads.

“You are seeing images of the successful test of the Khorramshahr ballistic missile with a range of 2,000 km, the latest missile of our country,” state television said.

“This is the third Iranian missile with a range of 2,000 km,” it added.

The Khorramshahr missile was first displayed at a military parade on Friday, where President Hassan Rouhani said Iran would strengthen its missile capabilities without seeking any country’s permission.

At the U.N. General Assembly on Tuesday, Trump said Iran was building its missile capability and accused it of exporting violence to Yemen, Syria and other parts of the Middle East.

He also criticized the 2015 pact that the United States and other world powers struck with Iran under which Tehran agreed to restrict its nuclear program in return for relief from economic sanctions.

The United States has imposed unilateral sanctions against Iran, saying Tehran’s ballistic missile tests violated a U.N. resolution that endorsed the nuclear deal and called on Tehran not to undertake activities related to ballistic missiles capable of delivering nuclear weapons.

Iran denies its missile development breaches the resolution, saying the missiles are not designed to carry nuclear weapons.

(Reporting by Dubai newsroom; Editing by Edmund Blair)