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Wednesday Morning News Brief, May 16

May 16, 2018
Wednesday morning brief May 16 2018
Good morning!
Here’s everything you need to know to start your day…
North Korea has said it may reconsider attending a summit with US President Donald Trump if it is pressurised to give up nuclear weapons. The highly anticipated meeting between Trump and North Korea’s Kim Jong-un is supposed to take place on 12 June. State news agency KCNA quoted Vice-Foreign Minister Kim Kye-gwan saying that if the US “corners us and unilaterally demands we give up nuclear weapons we will no longer have an interest in talks and will have to reconsider whether we will accept the upcoming DPRK-US summit”. Read more
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A Chinese county has banned Tibetan Monks “wrongly educated” in India from teaching Buddhism. According to state-run media reports, the county banned the monks from teaching out of fear that they may spread “separatist” content. India-trained monks undertake patriotic education classes and may be banned from teaching if they behave improperly. According to an official, the move was a standard practice every year “in response to the county’s severe separatist situation.”
At least 19 people were killed and over 12 injured after a half-built flyover fell off in Varanasi. The incident took place on Tuesday evening when mammoth slabs came crashing on crawling traffic on a busy service lane between Cantonment railway station and Lahartara rail over-bridge. Nine vehicles, including a bus, two SUVs, two cars, auto and two-wheelers lay in a twisted, mangled heap, triggering panic and chaos in the peak evening hours. National Disaster Response Force, Army Medical Corps and police were swiftly pressed into rescue operations and it took more than four hours to extricate bodies.
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The National Company Law Tribunal approved Tata Steel’s purchase of Bhushan Steel. The over Rs 35,000-crore Bhushan Steel purchase is Tata Steel’s biggest merger and acquisition after the $13-billion Corus buy in 2007. The tribunal also dismissed objections raised by creditor Larsen & Toubro and Bhushan Steel employees on Tata Steel’s bid. Besides, the tribunal has imposed a fine of Rs 1 lakh each on Larsen & Toubro as well as on the employees of Bhushan Steel.
Around 40 people are feared missing after a boat capsized due to strong winds in the Godavari River. The incident took place on Tuesday evening when a boat was ferrying people from Kondamodalu in West Godavari district to Polavaram. 12 people, including two women and a child, swam to safety. 20 boats, expert swimmers and NDRF teams were pressed into service to trace the missing people.
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