The Republican defeated Hillary Clinton in Tuesday's presidential election, shocking many who had expected the Democratic candidate to win following favourable opinion polls.
In his first major interview to a US broadcaster since the election, Mr Trump told CBS: "What we are going to do is get the people that are criminal and have criminal records, gang members, drug dealers, where a lot of these people, probably two million, it could be even three million, we are getting them out of our country or we are going to incarcerate."

Prosecutors announced on Sunday that they have notified the presidential office of their intention and are waiting for response.

Park will be South Korea's first sitting president to be investigated by prosecutors.

Prosecutors are expected to indict Park's friend and businesswoman Choi Soon-sil around next Saturday.

Choi is at the center of the scandal. She has been arrested on suspicion of conspiring to abuse power and of attempting to defraud 2 foundations said to have been launched with the help of the presidential office. Two former presidential officials have also been arrested.

Hundreds of thousands of people gathered in Seoul on Saturday night to demand Park's resignation. A spokesperson for the presidential office says Park is aware of the severity of the situation and is working hard to fulfil her responsibility to normalize the country's political situation.

Prosecutors have also begun questioning the heads of Hyundai Motor, Samsung Electronics and other conglomerates as part of their investigation into the scandal.

"The Chinese side has expressed great concerns and worries about the EU's trade protectionist tendency over steel," the ministry said in a statement on its website.

The ministry was responding to the EU's latest decision to take temporary anti-dumping measures against imports of Chinese seamless steel pipes, based on preliminary investigations, it said.

A worldwide steel glut has stoked trade disputes between China, the world's top maker of the construction material, and other producers such as the United States and the European Union.

High duties levied on Chinese products could seriously hurt Chinese companies, the ministry said.

"China is willing to strengthen exchanges and communication with the European side and properly solve problems that the steel industry is facing," it said.

(Reporting by Coco Li and Kevin Yao; Editing by Muralikumar Anantharaman)

At first, Genoil plans to invest $15 billion into projects in Russia’s southern republic of Chechnya. The company will explore ways to link the new project to existing pipeline networks in the region.

“We have good ties to Chinese investors, we are ready to invest into infrastructure development, and we believe that it’s possible to increase oil production in Russia by this,” a company representative said as quoted by Vedomosti daily.

“First of all, money will be invested into developing reservoirs in the republic to create a refinery with a capacity of 3-6 million tons of oil,” said Grozneft chairman Andrey Gusak, stressing that the investors may consider buying mining assets in other regions of the country.

Russia’s Economic Development Ministry hasn’t reportedly received any documents concerning the deal.
The project has raised doubts among the experts, interviewed by the daily.

“Genoil is an unknown company, while the sum is huge. Moreover, it may be equitable to the annual capital cost of the whole Russia’s fuel and energy sector,” said Valery Nesterov, analyst to Sberbank CIB.

Using Chinese capital, the company plans to invest into something that does not have economic sense, according to the head of Urus Advisory in Moscow.

“The Chinese do not need Canadians to enter the Russian market: they have ties, resources and business skills,” the analyst said.

The list of China's richest people is issued annually by the Shanghai-based Hurun Report, led by British accountant Rupert Hoogewerf. The ranking targets Chinese businesspeople with total assets of more than 2 billion yuan. This year, the number of eligible individuals topped 2,000 for the first time.

Heads of property and internet businesses dominated the top spots. Jack Ma Yun, executive chairman of online shopping giant Alibaba Group Holding, was second richest, and Pony Ma Huateng, CEO of internet giant Tencent Holdings, was third.

Wang Jianlin has built a number of shopping malls and theme parks in China while expanding his realm aggressively through buying companies including American film studios. His business appears to be struggling with financing recently, but the Wang family's assets exceeded even those of Li Ka-shing, Hong Kong's richest man, who runs the conglomerate CK Hutchison Holdings.

Jack Ma Yun, executive chairman of Alibaba Group Holding
Ma's assets, meanwhile, increased more than 40% in the past year, largely thanks to the successful 30 billion yuan fundraising by Ant Financial Services Group, Alibaba's online payment affiliate, earlier this year. The steady growth of Alibaba shares on the New York Stock Exchange also contributed.

Most of the richest individuals expanded their assets through mergers, acquisitions or fundraising. Alibaba, for example, obtained a stake in Didi Chuxing, China's leading ride-hailing service, in addition to investing in some startups.

Tencent bought Finnish gaming developer Supercell. The value of Tencent shares in the Hong Kong market has grown to 2 trillion Hong Kong dollars ($257 billion), closely behind Alibaba, China's No. 1 company in terms of market capitalization.

Despite a 15% increase in his assets, Robin Li, the founder and chief executive of search engine provider Baidu, fell to eighth place on the list. This was partly due to a slump in Baidu's shares due to criticism over the search platform's inappropriate handling of medical ads. Baidu, Alibaba and Tencent, China's top three conglomerates, are often referred to collectively by the acronym BAT, but the gap between Li's business and the other two appears to be widening.

The stock market in China crashed last year, and the value of the Chinese currency has fallen about 10% since the beginning of 2014. As the country's economy struggles, the growth pace of the richest men's assets has also slowed, averaging 7%.

Chinese markets are extremely volatile because they're dominated by mom-and-pop investors who tend to follow trends, herd into stocks and then get skittish.
The country's second-largest index, the Shenzhen Composite, is prone to even wilder swings. It's up 30% from its January low.
Charlie Awdry, a fund manager at Henderson Global Investors who specializes in Chinese equities, said the new bull market resulted from a "stealth drift up" over the past few months rather than a sudden surge.
Trading volumes -- the number of shares traded each day -- are still pretty low, he said.
china shanghai composite index
Chinese investors are getting back into the market and bidding shares higher as they divert their money away from an overheated housing market that's becoming less and less affordable.
The government recently moved to cool the market by introducing restrictions on purchases, and some investors have reacted by moving their money into stocks, said Awdry.
Government spending on infrastructure projects and lending by state banks have also played a part in the stock market recovery.
The stimulus measures are being taken to support China's slowing economy, which is growing by 6.7% annually. That may sound fast, but it's much slower than the double-digit growth seen in previous years.

The start of the bull market in China comes immediately after Donald Trump's election win in the U.S., which helped the Dow Jones Industrial Average hit an all-time high on Thursday.
But experts say there's no connection to the presidential election.
"[Chinese investors are] probably watching the fact that Trump [was elected to be] President... but that's really not occupying much mindshare as they're trading this market," said Awdry. "They are dancing to a different tune than everyone else."