-
Bethlehem Christmas tree lit up for first time since Gaza war
-
Slot shows no sign of finding answers to Liverpool slump
-
New Zealand's Robinson wins giant slalom at Mont Tremblant
-
Liverpool slump self-inflicted, says Slot
-
Hundreds in Tunisia protest against government
-
Mofokeng's first goal wins cup final for Orlando Pirates
-
Torres hat-trick helps Barca down Betis to extend Liga lead
-
Bielle-Biarrey strikes twice as Bordeaux win Champions Cup opener in S.Africa
-
Liverpool humbled again by Leeds fightback for 3-3 draw
-
'Democracy has crumbled!': Four arrested in UK Crown Jewels protest
-
Contenders plot path to 2026 World Cup glory as FIFA reveals tournament schedule
-
Inter thump Como to top Serie A ahead of Liverpool visit
-
Maresca fears Chelsea striker Delap faces fresh injury setback
-
Consistency the key to Man City title charge – Guardiola
-
Thauvin on target again as Lens remain top in France
-
Greyness and solitude: French ex-president describes prison stay
-
Frank relieved after Spurs ease pressure on under-fire boss
-
England kick off World Cup bid in Dallas as 2026 schedule confirmed
-
Milei welcomes Argentina's first F-16 fighter jets
-
No breakthrough at 'constructive' Ukraine-US talks
-
Bielle-Biarrey double helps Bordeaux-Begles open Champions Cup defence with Bulls win
-
Verstappen looking for a slice of luck to claim fifth title
-
Kane cameo hat-trick as Bayern blast past Stuttgart
-
King Kohli says 'free in mind' after stellar ODI show
-
Arsenal rocked by Aston Villa, Man City cut gap to two points
-
Crestfallen Hamilton hits new low with Q1 exit
-
Sleepless in Abu Dhabi - nervy times for Norris says Rosberg
-
Arsenal will bounce back from Villa blow: Arteta
-
UN Security Council delegation urges all sides to stick to Lebanon truce
-
Verstappen outguns McLarens to take key pole in Abu Dhabi
-
Syria's Kurds hail 'positive impact' of Turkey peace talks
-
Verstappen takes pole position for season-ending Abu Dhabi GP
-
Jaiswal hits ton as India thrash S. Africa to clinch ODI series
-
UK's Farage rallies in Scottish town hit by immigration protests
-
Saracens kick off European campaign by crushing Clermont
-
Arsenal rocked by Villa as Buendia ends leaders' unbeaten run
-
Venezuela's Machado vows to make Nobel Peace Prize ceremony
-
Kidnapping fears strain family bonds in Nigeria
-
'Chosen' Mbappe on way to making Real Madrid history like Ronaldo: Alonso
-
Russian strikes on Ukraine trigger heating, water cuts
-
Mediators Qatar, Egypt call for next steps in Gaza truce
-
Olympic favourite Malinin pulls off stunning GP Final win
-
Venezuela's Machado to receive peace prize in Oslo: Nobel Institute
-
Russell tops practice times to outpace title-chasing trio
-
India bowl out South Africa for 270 after De Kock ton
-
England staring down the barrel under Gabba lights as Australia dominate
-
Egyptian actor faces challenge in iconic role of singer Umm Kulthum
-
Chock and Bates win Grand Prix Final ice dance
-
Starvation fears as flood toll passes 900 in Indonesia
-
Four civilians, soldier killed in Afghan-Pakistan border clash
| RBGPF | 0% | 78.35 | $ | |
| AZN | 0.17% | 90.18 | $ | |
| NGG | -0.66% | 75.41 | $ | |
| GSK | -0.33% | 48.41 | $ | |
| SCS | -0.56% | 16.14 | $ | |
| CMSC | -0.21% | 23.43 | $ | |
| BTI | -1.81% | 57.01 | $ | |
| RYCEF | -0.34% | 14.62 | $ | |
| RIO | -0.92% | 73.06 | $ | |
| CMSD | -0.3% | 23.25 | $ | |
| RELX | -0.55% | 40.32 | $ | |
| VOD | -1.31% | 12.47 | $ | |
| JRI | 0.29% | 13.79 | $ | |
| BCE | 1.4% | 23.55 | $ | |
| BP | -3.91% | 35.83 | $ | |
| BCC | -1.66% | 73.05 | $ |
Taiwan's new opposition leader against defence spending hike
Taiwan can't afford to hike its defence budget to more than three percent of GDP, the new leader of the democratic island's biggest opposition party told AFP, which could derail the government's spending plans.
The Kuomintang party (KMT) controls parliament -- and the government's purse strings -- with the help of the Taiwan People's Party, and has close ties with China.
Taiwan president Lai Ching-te, who leads the Democratic Progressive Party (DPP), aims to boost defence spending to more than three percent of GDP next year and five percent by 2030, following US pressure to spend more on protecting itself against a potential Chinese attack.
China claims Taiwan is part of its territory and has threatened to use force to bring the island under its control.
"The US' expectations far exceed what we can reasonably afford," Cheng Li-wun, 55, told AFP in an interview before formally taking up the KMT chair post on Saturday.
"Taiwan isn't an ATM -- we really don't have that much money," she said.
"We certainly have the determination to defend Taiwan, but it's not a blank cheque. That's why I said we must have a reasonable defence budget."
Lai's government has proposed NT$949.5 billion (US$31 billion), or 3.32 percent of GDP, for defence spending next year.
It is also plans to seek up to NT$1 trillion in special funding to upgrade the island's air defence systems and increase capacity to produce and store ammunition for wartime.
The spending proposals need parliamentary approval before they can take effect.
The opposition-controlled legislature cut the 2025 general budget and froze some defence spending.
It is unclear how many KMT lawmakers in the parliament support Cheng's views, but she insists it is the "vast majority" of the party.
Outgoing KMT chair Eric Chu said previously the party supported increasing defence spending to more than three percent of GDP, but opposed Taiwan buying US weapons and equipment to resolve its trade deficit.
The United States severed formal diplomatic ties with Taiwan in 1979 in favour of China, but it remains the island's biggest arms supplier.
Cheng accused Lai of pushing Taiwan towards a potential war in which the island would be the "biggest loser".
- 'Pointless arms race' -
"If cross-strait relations are peaceful and stable, we don't need a pointless arms race," Cheng said, insisting dialogue with Beijing was the best option.
China severed high-level communications with Taiwan in 2016 after Lai's predecessor Tsai Ing-wen, also a member of the DPP, took power.
The dispute between China and Taiwan dates back more than 75 years to the Chinese civil war. Chiang Kai-shek's nationalist forces were defeated by Mao Zedong's communist fighters and fled to Taiwan.
Cheng said the "status quo" between Taiwan and China "cannot remain unchanged forever" and that there will inevitably will be a "process of change".
"What we are working hard for now is to prevent it from escalating into war, but rather towards reconciliation and peace," she said, adding she is willing to meet with Chinese President Xi Jinping.
Cheng began her political career in the DPP before switching to the KMT in 2005. She was the only female candidate in the October 18 elections, which were tarnished by allegations of Chinese interference.
Xi sent a congratulatory message to Cheng after her win and called on both sides to "advance national reunification".
After losing three presidential elections in a row, Cheng said the KMT "cannot afford to lose again" in 2028.
K.Thomson--BTB