China has reaffirmed its “ironclad” support for Pakistan while encouraging dialogue with India to ease tensions between the two South Asian neighbours following deadly clashes earlier this month. Advertisement Foreign Minister Wang Yi made the remarks in a meeting with his visiting Pakistani counterpart Ishaq Dar in Beijing on Tuesday. “As an ironclad friend, China will, as always, firmly support Pakistan in safeguarding its national sovereignty and territorial integrity … and support Pakistan in resolutely combating terrorism,” Wang said, according to the Chinese foreign ministry statement. After India and Pakistan…
Day: May 21, 2025
Pakistan military warns India is ‘playing with fire’ in Kashmir conflict
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pakistan’s military has called on the international community to restrain India from renewed hostilities, warning that further attacks would prompt Islamabad to “hit even harder” after they exchanged fire this month. “Pakistan and India are two nuclear powers. If the Indians want to have a military conflict, they are playing with fire,” Lieutenant General Ahmed Sharif Chaudhry, a spokesperson for the country’s armed forces, told the Financial Times at the…
British firms in China lament burdensome environment, but commitment to market remains
For the fifth straight year, more British businesses report that doing business in China has become increasingly difficult. And they are once again calling for a more favourable policy environment where “rules that are clear, fairly enforced and consistently applied”, according to the latest position paper by the British Chamber of Commerce in China. Advertisement As political disputes threaten to upend the global economic order, China also has an opportunity to distinguish itself if barriers can be removed, the chamber said. And despite the challenges they are facing, British firms…
PLA conducts amphibious landing drill in strait as Taiwanese leader marks first year
Mainland Chinese forces held an amphibious landing drill in the Taiwan Strait on Tuesday, as Taiwanese leader William Lai Ching-te celebrated his first year in office. Advertisement The People’s Liberation Army 73rd Group Army exercised tactics and skills of near-shore driving and landing operations with armoured amphibious vehicles on a beach on the southern Fujian coast, according to state broadcaster CCTV. “We are prepared for war at any second,” a soldier named Qian Bo was quoted as saying. “Our training has become more practical … We believe when the day…
US chip export controls are a ‘failure’ because they spur Chinese development, Nvidia boss says
US chip exports controls have been a “failure”, the head of Nvidia, Jensen Huang, told a tech forum on Wednesday, as the Chinese government separately slammed US warnings to other countries against using Chinese tech. Successive US administrations have imposed restrictions on the sale of hi-tech AI chips to China, in an effort to curb China’s military advancement and protect US dominance of the AI industry. But Huang told the Computex tech forum in Taipei that the controls had instead spurred on Chinese developers. “The local companies are very, very…
Cancer can be made worse by high-dose radiotherapy, surprising new study finds
Radioactive treatment is among the first-line therapies used to effectively target and destroy cancer cells. Advertisement But the same radiotherapy could also be a double-edged sword that ends up promoting the distant metastasis of tumours, a recent study has demonstrated. Radiation therapy is often used alone or in combination with surgery and chemotherapy to control the growth of localised cancer tumours. However, scientists in the United States have discovered that high doses of radiation could paradoxically lead to the growth of existing metastatic tumours, even when these tumours had not…
Taiwan’s huge ETF industry is in an FX pickle
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If only Taiwanese investors had paid closer attention to the cheesiest of economic statistics, the Big Mac Index. Earlier this year in its semi-annual calculation of the BMI, The Economist ranked the Taiwan dollar as the cheapest of the 58 currencies in its purview, being undervalued by 58.8 per cent against the greenback. While this divergence has steadily risen in recent years, it has been whopping (sorry) for the past…
Nvidia chief Huang condemns US chip curbs on China as ‘a failure’
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Nvidia chief Jensen Huang has condemned US export controls designed to limit China’s access to artificial intelligence chips as “a failure” that spurred Chinese rivals to accelerate development of their own products. In strongly worded criticisms of chip policies pursued by successive US administrations, the chief executive of the world’s leading AI processor maker also criticised Washington’s decision to ban an Nvidia product designed specifically for the Chinese market. He…
Nvidia chief Huang says US chip curbs on China ‘a failure’
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Nvidia chief Jensen Huang has condemned US export controls designed to limit China’s access to artificial intelligence chips as “a failure” that spurred Chinese rivals to accelerate development of their own products. In strongly worded criticisms of chip policies pursued by successive US administrations, the chief executive of the world’s leading AI chipmaker also criticised Washington’s decision to ban an Nvidia chip designed specifically for the Chinese market. He told…
IMF urges US to curb deficit as Trump tax cut plan stirs debt fears
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A top IMF official called on the US to reduce its fiscal deficit and tackle its “ever-increasing” debt burden at a time of rising concerns about President Donald Trump’s plans for sweeping tax cuts. “The US fiscal deficits are too large and they need to be brought down,” Gita Gopinath, the IMF’s first deputy managing director, told the Financial Times this week. She also warned that the world’s…