India Simulates Precision Strikes With Rafales Amid Tensions With Pak Over Kashmir Terror Attack
ACT OF WAR To Hold Back Indus Water: Pakistan Responds To India's Diplomatic Slap, Pauses Simla Pact
In a significant escalation following the Pahalgam terror attack, Pakistan's National Security Committee convened to deliberate on India's retaliatory measures. In a tit-for-tat response, Pakistan announced the suspension of all bilateral agreements with India, including the historic Simla Agreement, and the immediate closure of the Wagah border for all cross-border transit. Additionally, Pakistan imposed a ban on all Indian-owned or operated airlines from its airspace and halted all trade activities with India, including via third countries. The SAARC Visa Exemption Scheme for Indian nationals was also suspended, and Indian military diplomats were declared persona non grata. Pakistan further reduced the number of Indian diplomats in Islamabad to 30 and mandated that all Indian nationals, except Sikh pilgrims, leave Pakistan within 48 hours. Pakistan's response underscores the heightened tensions between the two nations, with both sides taking stringent measures in the wake of the deadly attack.#TOIBharat #PahalgamAttack #JKTerrorAttack #India #Pakistan #TerrorResponse #PahalgamRevenge #PahalgamAttack #Pakistan #IndoPakWar #ActOfWar #PakistanResponds #IndusWatersTreaty #SimlaAgreement #PakistanNationalSecurityCommittee #IndoPakRelations2025 #WagahBorderClosure #IndusWatersTreatySuspension #SAARCVisaExemptionSuspended #PakistanAirspaceClosure #IndianDiplomatsExpelled #PakistanTradeSuspensionIndia #KashmirTourismImpact2025
54.8K views | 14 hours ago
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
31 minutes ago
- Hans India
Jaishankar reaffirms India's zero-tolerance policy on terrorism
New Delhi: India expects partners to understand its policy of "zero tolerance" against terrorism, and it will never countenance "perpetrators of evil" being put on par with its victims, External Affairs Minister S Jaishankar said on Saturday during extensive talks with his British counterpart David Lammy. Jaishankar's remarks, which seemed to be an attempt to send an unambiguous message to the global community, came against the backdrop of unease in New Delhi over several countries hyphenating India and Pakistan following their four-day clashes last month. Lammy arrived in New Delhi on Saturday morning on a two-day visit to review various aspects of the strategic partnership between the two countries. A British readout said bolstering economic and migration ties and delivering further growth opportunities for British businesses are set to be at the top of the UK foreign secretary's visit to India. Before holding talks with Jaishankar, the British foreign secretary met Prime Minister Narendra Modi. In his televised opening remarks at the meeting with Lammy, Jaishankar thanked the UK for its strong condemnation of the "barbaric" Pahalgam terror attack and London's solidarity and support to New Delhi's fight against terrorism. "We practice a policy of zero tolerance against terrorism and expect our partners to understand it, and we will never countenance perpetrators of evil being put at par with its victims," he said. It is understood that the Indian side explained its challenge of dealing with cross-border terrorism emanating from Pakistan. The UK was among the countries which were in touch with both India and Pakistan in an attempt to de-escalate tensions during their military conflict from May 7-10. Lammy paid a two-day visit to Islamabad from May 16, during which he welcomed the May 10 understanding between India and Pakistan to stop the military actions. Jaishankar also described the recently finalised India-UK free trade deal and the double contribution convention as "truly a milestone". "The recent conclusion of the India-UK FTA and the double contribution convention is truly a milestone which will not only propel our two-way trade and investment but will also have a positive effect on other strategic aspects of our bilateral ties," Jaishankar said.
Mint
33 minutes ago
- Mint
Musk is ‘dialing back' on conflict with Trump under regulatory threat, says ARK CEO Cathie Wood
Tesla CEO Elon Musk and investors are beginning to understand more how much the U.S. government has control over the companies that Musk's running, said Cathie Wood, CEO of asset management firm ARK Investment Management, in a video published late Friday. Wood's comments come after Musk departed the Department of Government Efficiency. On Tuesday, Musk criticized Trump's 'One Big Beautiful Bill," saying it would increase the national deficit and undermine DOGE's cost-cutting efforts. In response, Trump questioned Musk's contributions and threatened to cancel federal contracts with Musk's companies, including Tesla and SpaceX. On Thursday, Musk alleged that Trump appeared in unreleased Jeffrey Epstein files. Trump dismissed Musk as having 'lost his mind." On the same day, Musk also threatened to decommission Dragon spacecraft, a space capsule used to transport astronauts and supplies to and from the International Space Station. But a few hours later, he pulled back the threat, saying he wouldn't follow through. This, according to Wood, is a sign that Musk is backing down from his conflict with Trump. This public rift between Musk and Trump will have deep implications for not only U.S. politics, but also Musk's business ventures. Investors are worried that a worsening relationship between the two could lead to a less friendly regulatory environment for companies Musk is involved with. SpaceX has $22 billion in government contracts, said Wood. She added that regulation of autonomous taxi platforms could impact the speed of their rollout—which could impact the robo-taxi service Tesla plans to launch in Texas later this month. (Neuralink, another Musk-owned company that is developing brain-computer interfaces, is subject to FDA regulation, as well.) It's possible that the fight with Trump was orchestrated by Musk as part of a plan to disengage from the government and being associated with the Republican party, said Wood, especially as Trump is acting tough on China—an important market for Tesla both in terms of consumption and production. 'He certainly doesn't want to be impaired there," said Wood. Tesla didn't immediately respond to Barron's request for comment. Regardless, Wood remains confident in Musk, noting that he 'works really well under pressure." Musk has said that his role is to help the U.S. get out of a budget deficit through accelerated economic growth. Wood thinks the board at Tesla should encourage him to get back to that priority. In terms of her own investment with Tesla, Wood said she is used to volatility in her portfolios—and has been adjusting her holdings in the stock to take advantage of such dramatic price moves. She noted that ARK net sold nearly half a billion dollars of Tesla shares after the 2024 presidential election, expecting some turbulence down the road. 'We try to use the volatility to our advantage," she said, 'Dialing down exposure as the stock soared is part of active management in the [exchange-traded fund] wrapper." The fallout between Musk and Trump propelled Tesla stock to drop 14% on Thursday, wiping out more than $150 billion in market value. Share prices recovered somewhat on Friday, with the stock finishing 3.7% higher. Wood has been a long-time Tesla bull, and believes that the electric vehicle company can dominate the highly profitable and scalable robo-taxi business—on-demand rides with driverless cars—thanks to its leadership in autonomous driving technology. She has a price target of $2,600 for Tesla stock by 2029, nearly nine times its current price. By the end of the first quarter, ARK owned nearly 3.3 million shares of Tesla stock worth $928 million. While that's only 0.1% of Tesla's total shares outstanding, it made up 7.6% of the firm's total holdings, according to the firm's 13F filings. Some of ARK's funds have even higher exposure. Tesla is the top holding of the ARK Innovation ETF, the company's flagship fund, with a 10.3% weight as of Friday. The stock also makes up 10.8% of the ARK Autonomous Technology & Robotics ETF and 6.9% of the ARK Next Generation Internet ETF. Write to Evie Liu at
Mint
38 minutes ago
- Mint
Trump says Xi agreed to restart the flow of rare earth minerals. Why are rare earths important for Chinese economy?
U.S. President Donald Trump told news agencies on Friday, 6 June 2025, that China's Xi Jinping has agreed to allow the export of rare earth minerals and magnets to the United States after a new round of talks amid the ongoing trade war. 'Yes, he did,' responded President Donald Trump when a reporter onboard Air Force One asked him about Xi's agreement on the rare earth deal. Trump reassured people that the US-China talks have resulted in a 'very positive conclusion,' which aims to make rare earth minerals no longer a topic of question. 'We're very far advanced on the China deal,' said Donald Trump, cited by the news agency Reuters. The Asian nation has also granted temporary export licenses to rare-earth suppliers of the top three automakers in the United States, reported the news agency, citing people aware of the development. According to Mint's earlier report, China imposed restrictions on its global export of rare earth minerals and magnets in April 2025. Although these restrictions came forth amid the ongoing trade and tariff war between the United States and other world nations, they are not specific to the US but apply to all other nations. Foreign companies like Tesla, Lockheed Martin, etc, from the aerospace, semiconductors, electronics, consumer goods, weapons, and auto sectors are the ones who are affected by this export curb, as they heavily rely on foreign imports for their component manufacturing. Indian automakers and clean energy companies have also suffered as China dominates the market for these rare earth commodities, and export curbs jeopardise the supply chains of many firms around the world. According to the Centre for Strategic & International Studies data, China refines over 92 per cent of the world's rare earth minerals, establishing a global dominance in the sector over other nations. Rare earth materials are used to manufacture many things which people rely on on a daily basis, from smartphone components to wind turbines. According to the news agency Reuters' report, apart from the 92 per cent production, the Asian nation also contributes to nearly 60 per cent of the global rare earth mine production. Several companies around the world are dependent upon the Chinese exports of these rare earth materials for use in the production of other finished goods. These rare earth metals, such as Cerium oxide, Bastnasite, Neodymium oxide, Lanthanum carbonate, Praseodymium, Dysprosium, and Terbium, are among other metals and magnets used to make commodities such as Batteries, Aircraft components, Electric Vehicles (EVs), Solar Cells, Wind Turbines, etc. According to an agency report, the world has 17 elements, including 15 silvery-white metals. The rarity of these materials is determined by the quality of them found in the Earth's crust. As there are very few deposits spread across the world, for China, this acts as a factor to assert global dominance. Data collected from Statista shows that the annual export value of China's rare earths was around $488.8 million. This has dropped marginally over 54 per cent when compared to its 2022 levels of $1,046.8 million. According to an earlier agency report, China restricted at least 16 minerals and related products since 2023, the latest ones coming after the nation retaliated against the US over the tariff war.
