02082016Mon
Last update: Mon, 08 Feb 2016 05pm

South Asia

World - South Asia

Taiwan's Tsai Ing-wen warns China after landslide victory TAIPEI: Tsai Ing-wen of Taiwan's main opposition party sent a warning to China after a landslide victory to become the island's first female president Saturday, as voters turned their backs on closer ties with Beijing.Fireworks lit up the sky at the headquarters of Tsai's Democratic Progressive Party (DPP) as thousands gathered to celebrate the historic win over the ruling China-friendly Kuomintang (KMT).In her first comments to media, Tsai warned that Chinese "suppression" would damage ties with the mainland."Our democratic system, national identity and international space must be respected. Any forms of suppression will harm the stability of cross-strait relations," she said.Support for Tsai has surged as voters have become increasingly uneasy about a recent rapprochement with China under outgoing KMT president Ma Ying-jeou.Beijing responded sternly to Tsai's election, with foreign ministry spokesman Hong Lei warning that "the Chinese government is rock-firm and will never tolerate any secessionist activity of 'Taiwan ...

World - South Asia

Modi pledges big measures to boost India's entrepreneurs NEW DELHI: Indian entrepreneurs will receive generous tax breaks and face dramatically reduced red tape when starting and closing a business, Prime Minister Narendra Modi said Saturday, as he launched a pet initiative to bolster India's fast-growing startup scene.Speaking at a gathering of 2,000 entrepreneurs from India, Silicon Valley and elsewhere, Modi outlined a slew of measures under Start Up India including exempting startups from income tax for their first three years."We have a million ...

World - South Asia

China has no intention to boost exports with yuan devaluation: Premier SHANGHAI: China does not intend to use a cheaper yuan as a way to boost exports and has the tools to keep the currency stable, Chinese Premier Li Keqiang said in a meeting with the president of the European Bank for Reconstruction and Development, state news agency Xinhua reported Saturday."China has no intention of stimulating exports via competitive devaluation of currencies," the premier said at the meeting in Beijing, which marks China's previously announced official ...

World - South Asia

MH17 relatives demand release of radar images THE HAGUE: Relatives of those killed in the MH17 air disaster Wednesday urged Dutch Prime Minister Mark Rutte to launch a global campaign to obtain radar images which may help pinpoint who fired a missile at the plane.All 298 passengers and crew onboard the Malaysia Airlines flight jetliner -- most of them Dutch -- died when it was shot down en route to Kuala Lumpur over war-torn eastern Ukraine in July 2014. Officials with the ...

World - South Asia

India cabinet approves new crop insurance scheme NEW DELHI: India's federal cabinet on Wednesday ratified the country's first major crop damage insurance scheme for farmers, a government source said, in what is Prime Minister Narendra Modi's first significant move to address rural hardship. The impact of unseasonal rains and two straight years of drought on agriculture that sustains over two-thirds of India's 1.25 billion people has dented Modi's popularity in the countryside, contributing to a humiliating loss for the premier in elections ...

World - South Asia

Iranian Revolutionary Guards detain US boats with 10 crews in Gulf DUBAI: Iranian Revolutionary Guards have detained two US boats with 10 crew aboard after the vessels "illegally" entered Iranian territorial waters in the Gulf, the semi-official Fars news agency said early on Wednesday."These two boats were seized by Revolutionary Guard naval forces near Farsi Island 2 km inside Iranian territorial waters," Fars reported. It gave no further detail.In Washington on Tuesday, a senior Obama administration official said Iranian Foreign Minister Mohammad Javad Zarif had told ...

World - South Asia

Iran to sell 40 tonnes of heavy water to US: official TEHRAN: Iran will sell part of its stock of heavy water to the United States under its nuclear deal with world powers, its deputy atomic chief said Tuesday.Ali Asghar Zarean also denied reports Iran had dismantled the core of its Arak nuclear reactor, a key step in the deal that will see sanctions lifted in exchange for limits on Tehran's nuclear programme."Iran will sell 40 tonnes of its excess heavy water to the United States ...