Head of Pakistan-administered Kashmir calls for international mediation
Show Caption
Hide Caption
India's Modi agrees to US trade talks, Trump offers F-35 jets
In a Feb. 13, 2025, meeting at the White House with President Donald Trump, Indian Prime Minister Narendra Modi offered to ease India's tariffs on U.S. goods and buy more U.S. oil, gas and eventually advanced F-35 fighter jets.
Reuters
ISLAMABAD, April 30 (Reuters) - The head of the Pakistan-administered region of Kashmir called for international mediation and said on Wednesday that his administration was preparing a humanitarian response in case of any further escalation between nuclear-armed India and Pakistan.
Pakistan's government has said it has "credible intelligence" that India intends to launch military action soon after days of escalating tensions following a deadly attack on tourists in Indian-administered Kashmir.
India blamed Pakistan for the April 22 attack, which left 26 people dead, which Islamabad has denied.
"There is a lot of activity going on and anything could happen so we have to prepare for it. These few days are very important," president of Pakistan-administered Kashmir Sultan Mahmood Chaudhry told Reuters in an interview, calling for rapid international diplomacy to de-escalate the situation.
"We expect some mediation at this time from some friendly countries and we hope that that mediation must take place, otherwise India would do anything this time," he said. Saudi Arabia, Qatar and the United Arab Emirates could be in a position to mediate, he added.
Chaudhry also said he hoped major players like the United States and Britain might also get involved.
He said activity along the Line of Control (LoC) that divides the two portions of Kashmir was "hot" and that Pakistan had shot down two Indian drones in the last few days.
There had been regular firing by Pakistani and Indian soldiers day and night, though so far there had been no casualties, he said.
Pakistan had also detected Indian Rafale fighter jets flying near the LoC, though they had not crossed, he added.
The Indian Air Force did not respond to a request for comment, though an Indian military official said Rafale jets were doing their usual training and drills along the LoC.
Chaudhry said he had not received intelligence on when and where India was expected to strike, but his administration was working with groups such as the Red Crescent Society to prepare extra medical and food supplies in case of any conflict.
"Red Crescent are working on it and we are working on displaced people in affected areas," he said.
He said that the international community also needed to pay more attention to Kashmir's long-term future.
"I think this is the right time for the international community as a whole and the U.N. to play some mediating role in Kashmir," he said.
"It's been a very long time and the people of Kashmir have suffered a lot."
Pakistan-administered Kashmir has its own elected government but Pakistan handles major issues like defence and its residents hold many of the rights of Pakistani citizens.
U.N. Secretary-General Antonio Guterres spoke to Pakistan and India on Tuesday, stressing the need to avoid confrontation. The U.S. and Britain have also called for calm.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Meta to share AI infrastructure costs via $2 billion asset sale
By Echo Wang (Reuters) -Meta Platforms is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power artificial intelligence, disclosing plans in a filing on Thursday to offload $2 billion in data center assets as part of that strategy. The strategy reflects a broader shift among tech giants — long known for self-funding growth — as they grapple with the soaring cost of building and powering data centers to support generative AI. The social media giant said earlier this week that it was exploring ways to work with financial partners to co-develop data centers to help finance its massive capital outlay for next year. 'We're exploring ways to work with financial partners to co-develop data centers,' Meta Chief Finance Officer Susan Li said on a post-earnings conference call on Wednesday. While the company still expects to fund much of its capital spending internally, some projects could attract 'significant external financing' and offer more flexibility if infrastructure needs shift over time, Li said. The company did not have any finalized transactions to announce, she said. The disclosure in Meta's quarterly filing, however, signals that plans are firming up. In its quarterly filing on Thursday, Meta said it had approved a plan in June to dispose of certain data center assets and reclassified $2.04 billion worth of land and construction-in-progress as "held-for-sale". These assets were expected to be contributed to a third party within the next twelve months for co-developing data centers. Meta did not record a loss on the reclassification, which values the assets at the lower of their carrying amounts or fair value less costs to sell. As of June 30, total held-for-sale assets stood at $3.26 billion, according to the filing. Meta declined to comment for this story. CEO Mark Zuckerberg has laid out plans to invest hundreds of billions of dollars into constructing AI data center 'superclusters' for superintelligence. 'Just one of these covers a significant part of the footprint of Manhattan,' he said. The Instagram and WhatsApp owner on Wednesday raised the bottom end of its annual capital expenditures forecast by $2 billion, to $66 billion to $72 billion. It reported stronger-than-expected ad sales, boosted by AI-driven improvements to targeting and content delivery. Executives said those gains were helping offset rising infrastructure costs tied to its long-term AI push. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


The Hill
24 minutes ago
- The Hill
Trump ally Bukele secures path to indefinite re-elections in El Salvador
El Salvador President Nayib Bukele, an ally of President Trump, scored a Friday win after lawmakers passed constitutional amendments eradicating term limits. The measure was passed in a 57-3 vote just one year after Bukele broke with the law setting term limits by saying he would seek a second term as president. The nation's Supreme Court ruled in 2021 it was his right to run again, foreshadowing the actions by lawmakers. 'This is quite simple, El Salvador: only you will have the power to decide how long you wish to support the work of any public official, including your president,' elected official Ana Figueroa, who proposed the bill, said, according to Reuters. 'You have the power to decide how long you support your president and all elected officials,' she added. The bill backed by Bukele's New Ideas party also extends presidential terms from five years to six and omits the possibility of run-off elections. It also aligns presidential elections with congressional races, ensuring the two occur in the same year. Some decried the move, claiming it would compromise election integrity. 'Democracy in El Salvador has died!' opposing lawmaker Marcela Villatoro of the Nationalist Republican Alliance (Arena) said, according to NPR. 'You don't realize what indefinite reelection brings: It brings an accumulation of power and weakens democracy. . . there's corruption and clientelism because nepotism grows and halts democracy and political participation.' A human rights organization also shared their disapproval for the bill's passage. 'The day before vacation, without debate, without informing the public, in a single legislative vote, they changed the political system to allow the president to perpetuate himself in power indefinitely and we continue to follow the well-traveled path of autocrats,' said Noah Bullock, executive director of rights group Cristosal, said per Reuters. Bukele has overseen the Trump administration's deportation orders by containing immigrants inside the region's notorious CECOT prison. He backed the leader's previous decision to keep a wrongfully removed Maryland man behind bars overseas and mocked Democrats who attempted to have him freed, siding with the president's immigration enforcement policies. Now, he has a chance to remain in office indefinitely after the successful passage of five constitutional amendments, making Bukele an available key figure for the Trump administration's international plans.
Yahoo
an hour ago
- Yahoo
Trading Day: Now that's a reality check
By Jamie McGeever ORLANDO, Florida (Reuters) -- TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist I'd love to hear from you, so please reach out to me with comments at . You can also follow me at @ReutersJamie and @ Well, well, well. In a week jam-packed with global tariff, earnings, data and policy fireworks, the most explosive was kept for last: July's U.S. employment report, which shattered the optimism - or complacency - building around the U.S. economy and stock market. Weak job growth, together with the latest wave of steep tariffs imposed by U.S. President Donald Trump, triggered a huge selloff in global stocks and the dollar on Friday, floored bond yields, and revived expectations of a Fed rate cut next month. Today's Key Market Moves * Dollar index snaps six-day winning streak and slumps morethan 1%, its biggest fall since April. Dollar/yen plunges 2.2%,biggest fall since January 2023. * S&P 500 slides 1.6%, biggest decline since May, asprofit-taking sets in after new highs this week. Nasdaq slumps2.2% - is tech topping out? * U.S. 2-year bond yield tumbles 26 bps, the biggest fall ina year and akin to an instant quarter-point rate cut. * Crude oil futures fall nearly 3%. * Comex copper steadies on Friday but plunges 24% thisweek, its worst ever week since futures contracts launched in1988. Now that's a reality check Global markets were floored on Friday by a powerful one-two punch from the latest U.S. employment data and U.S. tariffs slapped on dozens of countries. It was a sobering reminder that the economic foundations supporting Wall Street's record highs this week may not be that strong. The weak jobs growth seemed to fly in the face of Fed Chair Jerome Powell's assessment on Wednesday that the labor market is strong, and vindicate the two dissenters, Governors Christopher Waller and Michelle Bowman. Although to be fair to Powell, he did stress that downside risks were growing. Yet average earnings and hours worked rose in July, and the unemployment rate only inched up to 4.2%. That's effectively still full employment. If the bar to cutting rates is tied to the unemployment rate, it is still a high one. Rates futures traders don't see it that way though. They now see a rate cut next month as a near-certainty, and are pricing in 60 basis points of easing by year-end. Investors were also sideswiped on Friday by U.S. President Donald Trump's latest wave of tariffs on 69 trading partners, ranging from 10% to 41%, that will start in a week's time. This will raise the U.S. effective tariff rate closer to 20%, nearly 10 times higher than the end of last year. Of course, bilateral trade deals could be struck and these levies may be lowered, but it is a reminder that the growth and inflation outlook is challenging at best. With equity prices and optimism around Big Tech at such lofty levels, the correction when it came was always likely to be big. If that wasn't enough for investors to digest, Trump announced late on Friday he is firing the commissioner of the Labor Department's Bureau of Labor Statistics following the latest jobs data, and Fed Governor Adriana Kugler said she is resigning effective August 8 and returning to academia. This paves the way for Trump to appoint someone more aligned with his low interest rate view as her replacement. So the new trading month kicks off with world markets on a shaky footing, and the economy too. Asia's factory activity is deteriorating as tariff uncertainty weighs, and U.S. manufacturing is still in a funk. European factory activity is moving closer to stabilization, but is still contracting. Services, tech and AI-related activity and indicators are shining brighter of course, but even there caution will be creeping into investors' minds. Earnings reports from Apple, Microsoft and Meta were well-received by the market, to put it mildly, but the Nasdaq still shed nearly 2% on the week. August is the main summer holiday month in Europe and North America, so liquidity will thin out. With the VIX index back above 20.0 for the first time since April, trading next week could be choppy. Chart of the Week If you want evidence that Trump's tariffs on the rest of the world are starting to push up U.S. goods inflation, look no further. According to Ernie Tedeschi at the Budget Lab at Yale, PCE durable goods prices in the first six months of the year rose 1.7%. Excluding the pandemic, that's the biggest six-month rise since 1987. Here are some of the best things I read this week: 1. Brics currencies are no realistic alternative to thedollar - Herbert Poenisch 2. Europe's Economic Surrender - Alberto Alemanno 3. U.S.-EU Trade Deal Avoids a Tariff War, but DeepensEuropean Dependence - Matthias Matthijs 4. China is also Fighting a Trade War with Europe (andWinning) - Brad Setser 5. Trump's executive orders politicize AI - Tom Wheeler What could move markets on Monday? * U.S. durable goods (June) * Global earnings Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. (Writing by Jamie McGeever; Editing by Nia Williams) Sign in to access your portfolio