Credit Suisse came close to imploding months before its takeover
North Korea carried out successful long-range cruise missile tests over the weekend, its state media, KCNA, said on Monday, amid a protracted standoff with the United States over denuclearisation.
The missiles flew 1,500km before hitting their targets and falling into the country’s territorial waters during the tests held on Saturday and Sunday, KCNA said.
The development of the missiles provides “strategic significance of possessing another effective deterrence means for more reliably guaranteeing the security of our state and strongly containing the military manoeuvres of the hostile forces,” KCNA said.
The reclusive North has long accused the United States and South Korea of “hostile policy” toward Pyongyang.
Talks aimed at dismantling the North’s nuclear and ballistic missile programmes in return for US sanctions relief have stalled since 2019.
Credit Suisse came close to imploding months before its takeover
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