INVESTORS in the Hong Kong initial public offering (IPO) of Chinese cosmetics firm Mao Geping Cosmetics received an early Christmas present on Dec 10 when the company made its trading debut – the shares rose as much as 92 per cent before closing the day 77 per cent higher. It was the best first-day performance in four years and a further sign that the three-year slump in IPOs on the Hong Kong stock market is finally over. As at Dec 8, 63 companies, mostly from the Chinese mainland, had listed on the Hong Kong Stock Exchange (HKEX) this year, according to a recent report from international accounting firm KPMG. They raised a combined HK$83 billion (S14.5 billion), 80 per cent more than in 2023, and pushing the exchange back up to fourth place in the global ranking for IPO fundraising. Of the total, HK$69 billion came in the second half of the year, driven by several sizeable deals, including the four largest IPOs in the past two years, the report said. It’s a welcome turnaround from 2023, when the city’s IPO market plunged to its worst showing in 20 years and only HK$46.3 billion was raised in total from 73 listings amid poor market sentiment. “It’s fair to say that market activity and sentiment have improved significantly compared with six months ago,” said Xu Wenjia, head of Greater China equity capital markets at law firm Linklaters LLP. According to forecasts by KPMG and its peer EY, IPOs in Hong Kong are set to recover further in 2025, with total fundraising projected to reach HK$100 billion to HK$120 billion, pushing the bourse back to its position among the top three global exchanges in terms of IPO fundraising. The turning point for what looked set to be another disappointing year came in September with the blockbuster IPO of home-appliance manufacturer Midea Group. The company, which listed in Shenzhen in 2013, raised HK$35.7 billion in the largest listing in Hong Kong in three years and the second-largest globally in 2024. Although the company is in a traditional consumer-focused industry rather than a hot emerging technology sector, demand massively outstripped the shares on offer in the IPO and as at Tuesday (Dec 24), the stock had climbed more than 40 per cent from its offer price of HK$54.80. Three more major IPOs took place in October and November, each raising more than HK$5 billion – China Resources Beverage, autonomous-driving tech firm Horizon Robotics, and delivery group SF Holding. This compares with 2023 when only one company, liquor-maker ZJLD Group, raised more than HK$5 billion. The rebound in the IPO market follows the implementation of a series of favourable policies issued by the HKEX, efforts by mainland regulators to bolster Hong Kong’s position as an international financial centre and support Chinese companies’ international expansion, and an improvement in market sentiment fuelled by a slew of stimulus measures unleashed in late September and early October by the Chinese government. This year saw the first three companies list under Chapter 18C of the exchange’s listing rules, a new IPO pathway introduced in March 2023 for money-losing specialist technology firms in fields such as next-generation information technology, advanced materials, new energy and new agricultural technology. Several other companies have submitted listing applications. Hong Kong’s special purpose acquisition company listing mechanism, introduced on Jan 1, 2022, also completed its first merger transaction in October this year. New regulations on overseas listings for mainland companies, implemented from Mar 31, 2023, were intended to make it easier for them to list in Hong Kong by standardising procedures, clarifying regulatory requirements, shifting to a filing-based regime from an approval-based regime, making the process more transparent. In April this year, the China Securities Regulatory Commission (CSRC) introduced five measures to enhance collaboration with Hong Kong’s capital markets, including boosting support for companies such as Midea and SF Holding to do their Hong Kong IPOs. The commission was reported to have held meetings in October with more than 10 international banks and law firms, urging them to help speed up the offshore listings of mainland companies which had already gained CSRC consent to create some “successful cases” of high-profile deals to bolster sentiment in the market. “Midea’s listing in Hong Kong gave everyone a very positive impression,” said Xu from Linklaters. “The company is in a traditional industry, has an overseas setup, and priced its Hong Kong IPO at a moderate discount to its A-shares, which generated a lot of interest.” Its success should encourage more firms, especially those with a record not only of stable and sustainable profitability but also of financial disclosure discipline honed by years of oversight from mainland regulators, Xu said. Midea’s listing has paved the way for a string of other IPOs from mainland companies. SF Holding listed in November, and in December, auto-driving systems maker Ningbo Joyson Electronic, pharmaceutical company Jiangsu Hengrui Pharmaceuticals, and condiment manufacturer Foshan Haitian Flavouring and Food, all announced plans to issue shares in Hong Kong. Sources have told Caixin that leading battery manufacturer Contemporary Amperex Technology and leading energy-drink company Eastroc Beverage are among others planning Hong Kong IPOs. Mining companies are also eyeing Hong Kong as a venue to raise money after years of silence, according to Frank Bi, head of corporate transactions practice in Asia at lawyers Ashurst. They are being seen from a new perspective – as upstream suppliers for new materials, new energy, and hard technology companies, he said. “Moreover, post-pandemic, as China’s Belt and Road Initiative progresses, mining companies are needed for infrastructure development, which will drive greater financing demand.” The slowdown in IPO activity on the mainland market has also prompted many companies originally intending to list on the Shanghai, Shenzhen or Beijing stock exchanges to switch to Hong Kong. Beijing 51World Digital Twin Technology, a specialty technology company, became the fifth company to file under Chapter 18C with the HKEX after unsuccessful attempts to list on the high-tech Star Market in Shanghai and the Beijing Stock Exchange for innovative small and medium-sized companies. Stricter oversight of applicants for mainland listings has reduced the number of companies in the queue from over 1,000 to about 300, according to Louis Lau, a partner of the capital markets advisory group at KPMG China. Many of these firms may switch to Hong Kong and become a significant source of IPOs for the city in future, he said. Companies currently in Hong Kong’s IPO pipeline include Jingdong Industrials, a supply-chain technology and service provider spun off from e-commerce giant JD.com, and transport and logistics firm Lalatech Holdings. The central government’s encouragement of mainland companies to list in Hong Kong has opened up a new financing platform for their global expansion, according to Kelvin Leung, managing director at Huatai Financial Holdings (Hong Kong). Midea, for example, plans to use 20 per cent of the proceeds of its IPO for global technology research and development and 35 per cent for boosting its global distribution channels and sales networks over the next five years. SF Holding’s chairman, Wang Wei, has said his company’s Hong Kong listing will be a platform to expand into international markets, while Mao Geping said 15 per cent of the funds it raised will be used for overseas expansion and acquisitions. Hong Kong is making even more changes to help mainland companies list on its bourse. In October, the Hong Kong Securities and Futures Commission and the exchange jointly announced plans to streamline the local listing approval process, including setting up a fast-track path for companies which are already trading on the mainland stock market that could cut the number of rounds of regulatory feedback to one and shorten the IPO evaluation process to just 30 working days. Edward Au, managing partner of the Deloitte China Southern Region, said that the collaboration between the two regulators to improve the approval process should help avoid repetitive inquiries to issuers and improve the overall pace of listings. CAIXIN GLOBAL
Deepfakes and AI Weren't a Big Part of Election Disinformation, Meta Says
ATLANTA (AP) — Even when grappling with a four-game losing streak and the uncertainty generated by quarterback Kirk Cousins’ eight interceptions and no touchdown passes in that span, there is some solace for the Atlanta Falcons. They play in the NFC South. There is more good news: The Falcons' next two opponents, the Las Vegas Raiders and New York Giants, are tied for the NFL's worst record at 2-11. Coach Raheem Morris says he is sticking with Cousins for next Monday night's game at Las Vegas. Sunday's 42-21 loss at Minnesota dropped Atlanta to 6-7, one game behind Tampa Bay in the NFC South. The Falcons hold the tiebreaker advantage over the Buccaneers, so if they can take advantage of their cushy closing stretch of games that also includes Washington and Carolina, they could salvage their season. “We’re right in this thing,” right guard Chris Lindstrom said Monday before acknowledging he is “obviously not happy or satisfied with where we’re at." Lindstrom said he maintains "the ultimate belief in what we’re doing and everything that we have going on and everything is still in front of us.” Cousins and the Falcons must solve their red-zone woes to maintain hopes of the team's first playoff appearance since 2017. The Falcons rank eighth in the NFL with 371 yards per game but only 19th with their average of 21.4 points thanks to their persistent problems inside the 20. Even the forgiving NFC South can't make up for the scoring problems caused by penalties, turnovers and other persistent breakdowns. “You can't live with it at all,” Morris said Monday when asked about Cousins' recent streak of interceptions. Even so, Cousins remains the starter as first-round draft pick Michael Penix Jr. awaits his opportunity. “It’s for sure Kirk is our quarterback but I have no hesitations about what our young man has been doing and how he has been preparing and the things he is ready to do,” Morris said. “So if that time ever came I would have a lot of confidence in what Mike is able to do, but Kirk is our quarterback. Kirk is the guy who is going to lead us.” With four sacks against the Vikings, the Falcons may have finally solved their longtime pass-rush woes. Atlanta had five sacks in a 17-13 loss to the Los Angeles Chargers on Dec. 1, giving the team back-to-back games with at least four sacks for the first time since 2019. Outside linebacker Arnold Ebiketie had one of Sunday's sacks, giving him four for the season. With nine sacks in the last two games, the Falcons have almost doubled their NFL-low total of 10 through their first 11 games. Even as the pass rush was productive, the Falcons' defense showed a sudden inability to prevent big plays through the air. Atlanta allowed four completions of more than 40 yards as Vikings receivers Jordan Addison and Justin Jefferson combined to catch five scoring passes from Sam Darnold, who did not throw an interception. Morris said the Vikings' strategy was to avoid cornerback A.J. Terrell, “making other people make plays, and we didn’t go out there and make them.” Running back Tyler Allgeier had nine carries for 63 yards and a touchdown. Even while Bijan Robinson continued to produce with 22 carries for 92 yards and a score, Allgeier re-emerged as a strong complement with his second-highest rushing total of the season. Cousins has an unhealthy ratio of 17 touchdown passes to 15 interceptions. “Kirk was the guy who led us to the 6-3 record,” Morris said. “We’ve got to find a way to get out of the funk. ... For us, it’s going to be his opportunity to go out and right the ship and he has earned it.” 142: Wide receiver Darnell Mooney set a career high with 142 yards on six catches. It was the third game this season Mooney has led the Falcons in receiving yards. Former Atlanta quarterback Desmond Ridder is expected to start for the Raiders on Monday night after Aidan O’Connell's knee injury in Sunday's 28-13 loss at Tampa Bay. AP NFL: https://apnews.com/hub/nfl
Former President Jimmy Carter , who devoted his life after the presidency to humanitarian efforts, died Sunday at 100. He won the Nobel Peace Prize in 2002 for his work in finding peaceful solutions to international conflicts, advancing democracy and human rights, and promoting social and economic development. For more than 35 years, Carter and wife Rosalynn volunteered with Habitat for Humanity, joining “Habitat builds” in the United States and abroad. They also founded the Carter Center , committing to human rights and to alleviating human suffering. Jimmy Carter, a peanut farmer from Georgia, served one term in the White House before losing the 1980 presidential election to Ronald Reagan. Carter served as a naval officer before entering politics he was elected governor of Georgia in 1970. Here are a few of the former president’s memorable quotes. On war and peace “War may sometimes be a necessary evil. But no matter how necessary, it is always an evil, never a good. We will not learn how to live together in peace by killing each other's children. The bond of our common humanity is stronger than the divisiveness of our fears and prejudices.” – Nobel lecture on Dec. 10, 2002, after winning the Nobel Peace Prize On government watchdogs “Thoughtful criticism and close scrutiny of all government officials by the press and the public are an important part of our democratic society.” – Presidential farewell address on Jan. 14, 1981 Peacemaker, not policeman “We have no desire to be the world's policeman. But America does want to be the world's peacemaker.” – 1979 State of the Union address On marijuana decriminalization "Penalties against possession of a drug should not be more damaging to an individual than the use of the drug itself; and where they are, they should be changed. Nowhere is this more clear than in the laws against possession of marijuana in private for personal use. We can, and should, continue to discourage the use of marijuana, but this can be done without defining the smoker as a criminal." – 1977 message to Congress about drug abuse On Abu Ghraib and Guantanamo “Since 2001, the U.S. government has abandoned its role as a champion of human rights and has perpetrated terrible and illegal abuses in prisons in Abu Ghraib and Guantanamo, sent prisoners secretly to other nations to be tortured, denied the applicability of the Geneva Convention restraints, and severely restricted time-honored civil liberties within our own country. Certain political leaders of other nations, who are inclined to perpetrate human rights abuses to quiet dissenting voices and were previously restrained by positive influence from Washington, now feel free to emulate or exceed the abuses approved by American leaders.” – 2007 book, "Beyond the White House: Waging Peace, Fighting Disease, Building Hope" On human rights “I realize that violence is not more prevalent today than in previous periods of human history, but there is a difference. We have seen visionary standards adopted by the global community that espouse peace and human rights, and the globalization of information ensures that the violation of these principles of nonviolence by a powerful and admired democracy tends to resonate throughout the world community. We should have advanced much further in the realization of women's rights, given these international commitments to peace and the rule of law.” – 2014 book, "A Call to Action: Women, Religion, Violence, and Power" On children and gun violence “Every day in the United States, seventeen children are killed by gunfire. That’s about 6,000 children each year who are killed by guns, as compared, for example, with about 3,000 a year who died at the height of the polio epidemic of the 1950s. We rose up as a society to fight against polio. Why do we not act more forcefully to halt today’s even greater scourge?” – 1997 book, "Sources of Strength: Meditations on Scripture for a Living Faith" On drugs and the justice system "I don't think there's any doubt that the drug culture has shaped at least one major change, and that is the treatment of prisoners. When I was governor, I competed with other progressive Southern governors in who could reduce our prison population the most. ... But now, with the increase of the drug culture, politicians brag about how many prisons they’ve built. We have a massive increase in prison occupancy, and the punishment for drug use has become the pre-eminent basis for overloading our courts and prisons." – 2007 Rolling Stone interview
Ruben Amorim says Manchester United are a massive club but not a massive team as he continues to try and turn around a group that need to “run like mad dogs” if they are to become winners. A poor start to Erik ten Hag’s third season in charge last month led the Red Devils to turn to the 39-year-old, who immediately lifted the mood after swapping Sporting for Old Trafford. Amorim followed a draw at Ipswich in his opening match with entertaining wins against Bodo/Glimt and Everton, yet he repeatedly attempted to manage expectations. “I think that is very clear,” Amorim said of the scale of the job. “We are a massive club, but we are not a massive team, and we know it. It’s no problem to say it. “So, we want to improve, we are in a different moment from Arsenal, but you could feel it during the game. “I think we have to believe more because we were not dominant in the game, but we had control in the game. “Not so many chances for Arsenal – of course a lot of set pieces – but we were OK, especially in the first half. We had some good things in that moment, but you could feel that there’s so much to do. “I felt that Arsenal had problems to block our build up but then when they were defending the goal it was quite comfortable for them, so we are learning these things and trying to improve in two days.” United’s problems mean they enter the weekend 13th in the Premier League standings – quite the sight for fans of a club who have won an English record 20 league titles. Asked if perceptions around the club need to change, Amorim said: “That will not change because this club has glories in the past. “Our players have to understand that this is a very difficult position, so we are not (one of) the best teams in the league, and we have to say that and to think that clearly. Ruben Amorim is focusing on fixing the small details (John Walton/PA) “If you think in everything, it will be a problem. Let’s focus on the small details and then we will improve it as a team.” Amorim has had precious little time to work on such details having started during an international break followed by a relentless winter schedule. Saturday’s home game against Forest is United’s third of nine matches in December and came with a demand for effort on top of technical quality. “It’s impossible to win the Premier League without a team like that – that every moment runs back, runs forward,” Amorim said. “It is impossible to win. If you want to win, we have to do it. “Even with the best starting XI in the planet without running they will not win nothing, so that is very clear. “If we want to win the Premier League, we have to run like mad dogs. If not, we are not going to win.” Ruben Amorim wants a more physical United (Martin Rickett/PA) “It doesn’t matter about the system,” the former United manager said. “It has to do with the characteristics of the players and we don’t have many, with all the respect, mad dogs – the ones who bite the ball all the time and press all the time. We don’t have many with that spirit.” Amorim will hope not to be feeling similar after facing Forest, having previously said he needs to improve the “physical aspect of the team”. “The problem to be fit enough is if they can cope with that,” United’s head coach said. “If they are used to do that in training, they will do that in games. “So, they are professional athletes, they can improve this. You cannot be faster, but you can run more with training. We are in that path.”
WASHINGTON — Jimmy Carter lived longer than any other U.S. president in history and was the first of any of them to turn 100 years old. Carter served as the 39th President of the United States from 1977 to 1981. With his passing , the person that's now the oldest living president — current or former — resides in the White House. Who are the oldest living presidents? President Joe Biden turned 82 last month, further cementing his status as the oldest serving U.S. president. But it's a record that Donald Trump could break in a few years. President-elect Trump will become the oldest person ever sworn into office on Jan. 20, 2025. That's a milestone previously held by Biden when he was sworn in at age 78 back in 2021. On Inauguration Day , Trump will be six months from his 79th birthday. When Biden's presidency ends on Jan. 20, 2025, he will be 82 years and 2 months (or 30,012 days) old. Trump would break that record of being the oldest U.S. president toward the end of his second term on Aug. 15, 2028. We're a ways away from any other living U.S. president even coming close to Carter's record. Biden wouldn't celebrate his 100th birthday until Nov. 20, 2042. How many former U.S. presidents are still alive? After Biden and Trump, the next oldest living presidents are George W. Bush (78), Bill Clinton (78) and Barack Obama (63). How old is Bill Clinton? Bill Clinton, the 42nd U.S. President, is 78 years old (Aug. 19, 1946) How old is George W. Bush? George W. Bush, the 43rd U.S. President, is 78 years old (July 6, 1946) How old is Barack Obama? Barack Obama, the 44th U.S. President, is 63 years old (Aug. 4, 1961) How old is Donald Trump? Donald Trump, the 45th and soon-to-be 47th U.S. President, is 78 years old (June 14, 1946)
Illinois rolls out first phase of plan to modernize professional licensingCeltics vs. Grizzlies Injury Report Today – December 7 Published 4:33 pm Friday, December 6, 2024 By Data Skrive The injury report for the Boston Celtics (18-4) ahead of their matchup with the Memphis Grizzlies (15-8) currently has just one player. The Grizzlies have four injured players listed on the report. The matchup is slated for 8:00 PM ET on Saturday, December 7. Watch the NBA, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up. In their last time out, the Celtics won on Wednesday 130-120 over the Pistons. Jaylen Brown’s team-leading 28 points paced the Celtics in the victory. The Grizzlies are coming off of a 115-110 win against the Kings in their most recent game on Thursday. Marcus Smart scored 18 points in the Grizzlies’ win, leading the team. Boston Celtics Injury Report Today Sign up for NBA League Pass to get live and on-demand access to NBA games. Memphis Grizzlies Injury Report Today Get tickets for any NBA game this season at StubHub. Celtics vs. Grizzlies Game Info Catch NBA action all season long on Fubo. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .
Mumbai: The iconic Azad Maidan in south Mumbai known for political rallies right from the independence movement, protests meetings and later for sports pitches, will mark another historic event on Thursday, December 5 when the next Maharashtra chief minister will take his oath. The event will be attended by PM Narendra Modi, chief ministers of around 16 states and several top BJP-led NDA leaders. This will be the second swearing-in ceremony at the historic Azad Maidan after late Vilasrao Deshmukh was sworn in as the CM in November 2004 in the then Congress-NCP government. However, Azad (Independence) Maidan which holds India’s rich history, located a stone-throw away from iconic buildings including BMC headquarters, CSMT and Killa Court among others, has lost its charm over the years. The approximately 1,45,041 sq mt big ground (including the Bombay Gymkhana area) has now in practicality divided into parts, with a major portion going for Metro 3 construction work. The ground, which earlier had 22 plots has produced cricketers starting from Sachin Tendulkar and Vinod Kambli to Shardul Thakur and Yashasvi Jaiswal, and now has a mere seven plots functional. While a small section is reserved for the public to hold protest meetings and another for vehicular parking. Of the approximately 1,45,041 sq mt total ground, approximately 2,858 sq mt is presently used for MMRCL's underground Metro 3 construction work, and the remaining area is for public use, including protest meetings and sports activities. The December 5 swearing-in ceremony will take place on 5,6,020 sq mt land of the Azad Maidan, which is presently used for sports activities. The area can accommodate 35,000 people. Owing to scheduled matches at the Wankhede stadium and preparations for Mahaparinirman Divas (December 6) in Shivaji Park ground the swearing-in being held at Azad Maidan. BJP leaders Pravin Darekar and Mohit Kamboj who visited the Azad Maidan on Tuesday to review the swearing-in ceremony preparations said, “Around 40,000 people will attend the ceremony. The event is open to the public. Big screens will be installed outside the ground so people can watch the swearing-in ceremony. “It will be the CM and two Dy CMs taking the oath. We will set up 43 chairs and we hope 43 ministers take oath to form the new government,” Kamboj said maintaining the suspense of new CM's face and division of ministry within the Mahayuti.Ruben Amorim says Manchester United are a massive club but not a massive team as he continues to try and turn around a group that need to “run like mad dogs” if they are to become winners. A poor start to Erik ten Hag’s third season in charge last month led the Red Devils to turn to the 39-year-old, who immediately lifted the mood after swapping Sporting for Old Trafford. Amorim followed a draw at Ipswich in his opening match with entertaining wins against Bodo/Glimt and Everton, yet he repeatedly attempted to manage expectations. “I think that is very clear,” Amorim said of the scale of the job. “We are a massive club, but we are not a massive team, and we know it. It’s no problem to say it. “So, we want to improve, we are in a different moment from Arsenal, but you could feel it during the game. “I think we have to believe more because we were not dominant in the game, but we had control in the game. “Not so many chances for Arsenal – of course a lot of set pieces – but we were OK, especially in the first half. We had some good things in that moment, but you could feel that there’s so much to do. “I felt that Arsenal had problems to block our build up but then when they were defending the goal it was quite comfortable for them, so we are learning these things and trying to improve in two days.” United’s problems mean they enter the weekend 13th in the Premier League standings – quite the sight for fans of a club who have won an English record 20 league titles. Asked if perceptions around the club need to change, Amorim said: “That will not change because this club has glories in the past. “Our players have to understand that this is a very difficult position, so we are not (one of) the best teams in the league, and we have to say that and to think that clearly. Ruben Amorim is focusing on fixing the small details (John Walton/PA) “If you think in everything, it will be a problem. Let’s focus on the small details and then we will improve it as a team.” Amorim has had precious little time to work on such details having started during an international break followed by a relentless winter schedule. Saturday’s home game against Forest is United’s third of nine matches in December and came with a demand for effort on top of technical quality. “It’s impossible to win the Premier League without a team like that – that every moment runs back, runs forward,” Amorim said. “It is impossible to win. If you want to win, we have to do it. “Even with the best starting XI in the planet without running they will not win nothing, so that is very clear. “If we want to win the Premier League, we have to run like mad dogs. If not, we are not going to win.” Ruben Amorim wants a more physical United (Martin Rickett/PA) “It doesn’t matter about the system,” the former United manager said. “It has to do with the characteristics of the players and we don’t have many, with all the respect, mad dogs – the ones who bite the ball all the time and press all the time. We don’t have many with that spirit.” Amorim will hope not to be feeling similar after facing Forest, having previously said he needs to improve the “physical aspect of the team”. “The problem to be fit enough is if they can cope with that,” United’s head coach said. “If they are used to do that in training, they will do that in games. “So, they are professional athletes, they can improve this. You cannot be faster, but you can run more with training. We are in that path.”Buccaneers rule out Joe Tryon-Shoyinka, elevate QB Michael Pratt
SEOUL, South Korea — North Korean leader Kim Jong Un vowed to implement the “toughest” anti-U.S. policy, state media reported Sunday, less than a month before Donald Trump takes office as U.S. president. Trump’s return to the White House raises prospects for high-profile diplomacy with North Korea. During his first term, Trump met Kim three times for talks on the North’s nuclear program. Many experts however say a quick resumption of Kim-Trump summitry is unlikely as Trump would first focus on conflicts in Ukraine and the Middle East. North Korea’s support for Russia’s war against Ukraine also poses a challenge to efforts to revive diplomacy, experts say. During a five-day plenary meeting of the ruling Workers’ Party that ended Friday, Kim called the U.S. “the most reactionary state that regards anti-communism as its invariable state policy.” Kim said that the U.S.-South Korea-Japan security partnership is expanding into “a nuclear military bloc for aggression.” “This reality clearly shows to which direction we should advance and what we should do and how,” Kim said, according to the official Korean Central News Agency. It said Kim’s speech “clarified the strategy for the toughest anti-U.S. counteraction to be launched aggressively” by North Korea for its long-term national interests and security. KCNA didn’t elaborate on the anti-U.S. strategy. But it said Kim set forth tasks to bolster military capability through defense technology advancements and stressed the need to improve the mental toughness of North Korean soldiers. The previous meetings between Trump and Kim had not only put an end to their exchanges of fiery rhetoric and threats of destruction, but they developed personal connections. Trump once famously said he and Kim “fell in love.” But their talks eventually collapsed in 2019, as they wrangled over U.S.-led sanctions on the North. North Korea has since sharply increased the pace of its weapons testing activities to build more reliable nuclear missiles targeting the U.S. and its allies. The U.S. and South Korea have responded by expanding their military bilateral drills and also trilateral ones involving Japan, drawing strong rebukes from the North, which views such U.S.-led exercises as invasion rehearsals. Further complicating efforts to convince North Korea to abandon its nuclear weapons in return for economic and political benefits is its deepening military cooperation with Russia. According to U.S., Ukrainian and South Korean assessments, North Korea has sent more than 10,000 troops and conventional weapons systems to support Moscow’s war against Ukraine. There are concerns that Russia could give North Korea advanced weapons technology in return, including help to build more powerful nuclear missiles. Ukrainian President Volodymyr Zelenskyy said last week that 3,000 North Korean troops have been killed and wounded in the fighting in Russia’s Kursk region. It was the first significant estimate by Ukraine of North Korean casualties since the North Korean troop deployment to Russia began in October. Russia and China, locked in separate disputes with the U.S., have repeatedly blocked U.S.-led pushes to levy more U.N. sanctions on North Korea despite its repeated missile tests in defiance of U.N. Security Council resolutions. Last month, Kim said that his past negotiations with the United States only confirmed Washington’s “unchangeable” hostility toward his country and described his nuclear buildup as the only way to counter external threats.THREE KEY FACTS Auckland FC took a 2-1 victory in the second Kiwi A-League derby against Wellington Phoenix. The Black Knights have now beaten the Phoenix home and away. Rival coaches Steve Corica and Giancarlo Italiano have shown there’s no love lost between the two sides. Football writer Michael Burgess looks at the key talking points from Saturday’s blockbuster A-League derby, in front of a sold-out crowd at Go Media Stadium at Mt Smart Are Auckland FC lucky? The new team have certainly benefited from their early season schedule, only having to cross the Tasman once in the first six games.