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China’s Ministry of Finance on Monday announced a notice prohibiting the purchase of products manufactured by 46 designated US companies in government procurement. Under the new measure, procurement entities participating in government purchasing activities are barred from buying products made by the listed US firms, including Lockheed Martin Corporation and Raytheon Missiles & Defense. The measure was approved in accordance with relevant Chinese laws and regulations, the ministry said, adding the restriction does not apply to US-invested companies operating in China. The measure takes effect from the date of issuance.

As a flagship event of the APEC “China Year”, the APEC China CEO Forum was held in Beijing , bringing together participants to explore opportunities for global economic growth and China’s development.

Chinese authorities on Sunday called for enhanced precautions against mountain torrents, geological disasters, flooding of medium and small rivers, and urban waterlogging, as heavy downpours are expected to hit multiple regions over the next three days. To assess recent rainfall trends and flood conditions, and to coordinate flood control efforts in key regions, the State Flood Control and Drought Relief Headquarters and the Ministry of Emergency Management (MEM) held a joint consultation on Sunday with the China Meteorological Administration, the Ministry of Water Resources, the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development, and the Ministry of…

Hong Kong is emerging as a strategic global foothold for Chinese mainland hard-tech enterprises, said Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government. This constitutes a vote of confidence in the city’s sprawling network of international investors and its unique role as a bridge connecting Chinese technological innovations to global capital pools, Chan wrote in his weekly blog published on Sunday. Chinese mainland tech companies are eager to access global capital and forge international business partnerships, and Hong Kong’s value to them extends well beyond a mere fundraising platform, Chan said. The city’s common-law system,…

China’s Ministry of Commerce announced on Monday that it has decided to add 10 US entities, including Aveox, Inc., to the export control list in accordance with the nation’s export control law and regulations on export control of dual-use items. The measure was taken to safeguard national security and interests, and fulfill international obligations such as non-proliferation, according to a statement from the ministry. Effective June 22, export operators are prohibited from exporting dual-use items to the 10 entities that also include Red Cat Holdings, Inc., Teal Drones, Inc., IMSAR, Jaia Robotics, Inc., Ball Aerospace & Technologies Corp., Oshkosh Defense,…

At least seven people were killed and five others injured in a powerful explosion in Domail Tehsil of Bannu on Saturday, according to police officials. The blast occurred in the Pang Musakhel area, triggering panic in the locality and resulting in multiple casualties. Authorities have launched an investigation into the incident. Police said the explosion took place in the Pang Musakhel area of Domail Tehsil in Bannu district. According to initial reports, unknown armed men targeted a Datsun vehicle, leading to a deadly blast that claimed seven lives and left five people injured. Tehsildar’s vehicle also hit Police officials stated…

Renowned Pakistani actor Nauman Ijaz has responded firmly to criticism regarding earnings from the entertainment industry after a social media user questioned whether income generated through showbiz should be considered halal or haram. Known for his candid opinions on social and cultural issues, Nauman Ijaz addressed the topic during a recent YouTube video in which he shared a message sent by a friend about the concepts of halal and haram. The veteran actor said that God has naturally equipped human beings with the ability to distinguish many things in life. He explained that people can recognize heat through touch, bitterness through taste,…

US President Donald Trump has once again warned Iran that it has just 60 days to reach a final agreement with Washington, saying failure to do so could trigger actions that Tehran “will not like.” Speaking at the unveiling ceremony of a new Air Force One aircraft at Joint Base Andrews in Maryland, Trump expressed confidence that diplomacy would prevail but made clear that the United States was prepared to act if negotiations stalled. Addressing the gathering, Trump said Iran faces a strict 60-day deadline to finalize an agreement with the United States. “In 60 days, we have to make…

The first round of negotiations between the United States and Iran is expected to begin in Switzerland following the signing of a historic memorandum of understanding (MoU), as both sides move to convert the interim agreement into a lasting regional settlement. Senior American and Iranian officials are heading to Switzerland for the talks, which are expected to focus on Iran’s nuclear program, enriched uranium stockpiles, sanctions relief, and a range of technical and financial issues that must be resolved within the 60-day negotiation window established under the agreement. US Special Envoy for the Middle East Steve Witkoff has departed for…

The Prime Minister Shehbaz Sharif-led government has decided to end its austerity and energy conservation measures, while maintaining regular business hours across the country. Approval has been granted to immediately withdraw additional fuel conservation and austerity measures. Restrictions imposed from March 9 have been revoked under the decision. Markets, shopping malls and bazaars will continue to close at 9pm, according to the Cabinet Division. Marriage halls, marriage marquees and event venues will be allowed to remain open until 10pm. Restaurants, cafes and food outlets will continue their business operations until 11pm. Takeaway and home delivery services will remain exempt from…