
China Imposes Export Ban on Companies Tied to Taiwan's Military
China's Commerce Ministry added eight Taiwan-based firms, including aerospace and shipbuilding companies, to an export control list, citing national and regional security concerns. The banned companies include defense supplier Aerospace Industrial Development Corporation (AIDC), drone maker Jingwei Aerospace Technology Co., and CSBC Corporation, Taiwan's largest shipbuilding company. The new rules, effective immediately, prohibit the export to the listed enterprises of dual-use items–a term referring to goods that can be used for both civilian and military purposes.
The ban comes just as Taiwan begins its annual Han Kuang military drills, which will simulate defenses against a possible invasion by China. This year's drills are set to be the largest and longest ever, lasting about 10 days–twice as long as last year's exercises.
China regards self-ruled Taiwan as its own territory, to be annexed by force if necessary. Beijing has branded Taiwanese President Lai Ching-te as a separatist and refuses to speak to him. The US, like most countries, doesn't recognize Taiwan as a country but is bound by its own laws to provide it with the means to defend itself.
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Arab News
3 hours ago
- Arab News
PM announces Rs4 billion for mapping, rebuilding flood-hit infrastructure in Gilgit-Baltistan
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday announced Rs4 billion ($14 million) funds for mapping and rebuilding flood-hit infrastructure in the northern Gilgit-Baltistan (GB) region. At least 10 people have died and five others have sustained injuries in the region in rain- and flood-related incidents in GB, according to the National Disaster Management Authority (NDMA). Several people, including tourists, remain missing after deadly flash floods. The region, home to thousands of glaciers and five out of 14 world peaks above the height of 8,000 meters, has suffered the highest infrastructure losses, with 347 houses destroyed and 196 partially damaged, and several roads and bridges damaged and blocked by raging floodwaters over the last few weeks. Sharif arrived in Gilgit city on Monday to review the flood situation in the region and presided over a meeting, attended by senior officials and ministers of the regional and central governments, to take stock of the damages during the monsoon season. 'Today, I stand before you, alongside members of my cabinet, to express our heartfelt solidarity with the people of Gilgit-Baltistan. I assure you, God willing, that I will remain present with you until you are fully settled in your homes once again,' he told affected people at a ceremony to distribute compensation cheques, urging regional and federal authorities to work relentlessly to prepare against climate disasters. 'I will return at the end of August, God willing, during which [NDMA chief] Inam Haider is tasked to conduct full mapping of the losses, estimate damages, and report back. I expect contributions from both federal and Gilgit-Baltistan governments. Today, I announce a fund of 4 billion rupees for this purpose.' Pakistan ranks among the most climate-vulnerable countries despite contributing less than one percent of global greenhouse gas emissions. The country has witnessed increasingly erratic weather events in recent years, including record-breaking rains, floods, heatwaves, droughts and severe storms. Sharif said his government was responsible for installing advanced warning systems across the region, acknowledging that though development programs had been ongoing in the region on paper for seven years, 'little real work has been done, whether by the federal or provincial governments.' 'Over these seven years, negligible progress occurred,' he said. 'I emphasize that the timeline set must be adhered to strictly — not even an hour of delay is acceptable.' The prime minister announced Rs1 million for the deceased individuals, Rs400,000 for severely injured persons, Rs300,000 for the injured, Rs600,000 for those whose houses were destroyed and Rs400,000 for the one with partial damages to their homes. 'Those with business losses, shops, or small enterprises will receive tiered compensation accordingly,' he announced, tasking members of his cabinet with overseeing road repairs, water and power projects. 'I previously announced a 100 MW solar power project through the national solar energy program. I expect that by next summer, especially in the harsh winter months when you face acute power shortages, this project will significantly alleviate them,' Sharif told the attendees. The PM's visit came hours after the Pakistan Meteorological Department warned of more rains in the country, saying monsoon currents penetrating Pakistan were expected to intensify from Aug. 4. It said heavy rains may generate flash floods in local nullahs/streams of Chitral, Dir, Swat, Shangla, Mansehra, Kohistan, Abbottabad, Buner, Charsadda, Nowshera, Swabi, Mardan, Murree, Galliyat, Islamabad, Rawalpindi, northeast Punjab and Azad Kashmir from Aug. 5 to Aug. 7. 'Landslides/mudslides may cause roads' closure in the vulnerable hilly areas of Khyber Pakhtunkhwa, Gilgit-Baltistan, Murree, Galliyat and Kashmir during the forecast period,' the PMD said. In May, at least 32 people were killed in severe storms, while a third of Pakistan was submerged by devastating floods in 2022 that killed more than 1,700 people, affected over 30 million and caused an estimated $35 billion in damages.

Al Arabiya
4 hours ago
- Al Arabiya
Trump says he will ‘substantially' raise tariffs on India over Russian oil purchases
US President Donald Trump said on Monday he will substantially raise tariffs on India over its purchases of Russian oil. 'India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine,' Trump said in a post on Truth Social. 'Because of this, I will be substantially raising the Tariff paid by India to the USA.'


Arab News
7 hours ago
- Arab News
Afghanistan has its ‘sharpest surge' ever of child malnutrition, UN agency says
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