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Kim Jong Un, placing his foot firmly back on the gas in his war of wills with the United States, reportedly ordered more rocket engines and warhead tips for the rogue regime's ramped-up intercontinental ballistic missile program.
"He instructed the institute to produce more solid-fuel rocket engines and rocket warhead tips by further expanding engine production process and the production capacity of rocket warhead tips and engine jets by carbon and carbon compound material," the report said.
If convicted and given a jail sentence, home for Jay Y. Lee, the billionaire de facto head of South Korean conglomerate Samsung, could be a crowded prison set in wooded hills just to the north of Seoul, where disgraced politicians and business leaders have previously served time.
In the event, then, of an upheld conviction, Lee would likely follow a route to Uijeongbu Prison taken previously by a former prime minister and the heads of the SK and Daesang conglomerates, among others.
Mr. Lee, the vice chairman of Samsung Electronics, has been the top leader of the Samsung group of companies since its chairman and his father, Lee Kun-hee, slipped into a coma three years ago.
Mr. Lee and his attorneys say that he is innocent — and that he did not know enough about Samsung or South Korean politics to commit the crimes he is accused of. While Mr. Lee guides strategy and hammers out global alliances, he has little involvement in day-to-day operations, according to Samsung.
Samsung released its newest phone, the Galaxy Note 8, on Wednesday with both the usual fanfare and a dose of humility, thanking customers for sticking with its flagship line after the company's last version had to be recalled.
The successor to the Note 7, which had to be recalled twice for a tendency to burst into flames, the Note 8 is Samsung's biggest, priciest and most powerful phone. The South Korean technology giant has a lot riding on the device beyond winning over consumers.
Both the Dow average DJIA, +0.13% and S&P SPX, +0.12% eked out slight gains in thin trade on Monday, following a flight out of perceived risky assets, such as stocks, last week.
Oil prices CLU7, +0.19% advanced ahead of U.S. supply data due at 4:30 p.m. Eastern Time, while metal prices, including gold GCZ7, -0.44% , mostly declined.
Quality of life in the world’s biggest cities is finally improving, although no U.S. city makes No. 1.. Melbourne, Australia ranks as No. 1 for the seventh consecutive year, according to the Economist Intelligence Unit’s 10th annual “Global Livability Ranking” of 140 cities around the world.
Geneva in Switzerland and Paris tied for seventh, and New York and Copenhagen tied at No. 9. Almaty in the former Soviet state of Kazakhstan was the cheapest.
Gold remained a hot commodity last week, with speculative investors such as hedge funds and money managers increasing their holdings in the haven metal for a fifth straight week.
The metal inched 0.2% lower last week, but has risen in four out of the past six weeks to trade around a two-month high.
“North Korea tensions should remain elevated with the U.S. and South Korea holding joint military exercises from today to 31 August. North Korea condemns the joint exercises as a rehearsal for an invasion,” said Sue Trinh, head of Asia FX strategy at RBC, in a note.
Tensions between the U.S. and North Korea recently led investors to flee so-called risk assets and pick up haven assets including gold GCZ7, +0.17% , bonds and the Swiss franc CHFUSD, -0.2791% .