BEIJING (AP) — A tropical storm that prompted flight and ferry cancellations in Taiwan is forecast to reach typhoon strength before hitting the southern China coast on Sunday. The storm earlier crossed the Philippines, where a parked truck was crushed by a billboard-like structure that was toppled by high winds in Quezon City, north of…
In an escalating display of military might and maritime ambition, China for the first time deployed two aircraft carriers—the Liaoning and the Shandong—in extensive, coordinated drills well beyond its coastal waters. The rare show of synchronized naval power sent shockwaves through Japan and the United States, heightening tensions in a region already teetering under geopolitical…
BEIJING (Reuters) -China has lodged “stern representations” to the Philippines over recent “negative moves” concerning Taiwan, as well as maritime and security issues, a Chinese foreign ministry statement said on Friday. Department of Asian Affairs Director-General Liu Jinsong conveyed the “stern representations” and “strong dissatisfaction” to Philippine Ambassador to China, Jaime FlorCruz, on Friday, the…
Taiwan’s Vice President Hsiao Bi-khim on Friday said Taipei does not want a conflict with China and will not provoke confrontation, but warned that Beijing’s “aggressive” military posturing is counterproductive. Chinese pressure on Taiwan had escalated over the past few years, but the island’s people were peace-loving, Hsiao said while talking to the media at…
TAIPEI (Reuters) -Taiwan does not seek conflict with China and will not provoke confrontation, but Beijing’s “aggressive” military posturing was counterproductive, Vice President Hsiao Bi-khim said on Friday. China considers democratic Taiwan as part of its own territory and calls President Lai Ching-te a “separatist”. Taiwan’s government disputes China’s claim. Speaking to the Taiwan Foreign…
PodcastPodcast, The Take The increase in Taiwan’s annual drills against invasion from mainland China is crossing paths with civilian life. Taiwan’s annual war games simulating a real Chinese invasion are bigger than ever. As China continues to ramp up military pressure on the island, what does it feel like to live in a place rehearsing…
Taiwanese chipmaking giant TSMC reported Thursday a forecast-beating 60% rise in net profit for the second quarter on sustained demand for artificial intelligence technology. Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips and counts Nvidia and Apple among its clients. The firm said its net profit for the three months to…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
An Emirates flight from Dubai to Hong Kong was unexpectedly rerouted to Taiwan on Monday after multiple unsuccessful attempts to land, reportedly because of bad weather. Flight EK382, operated by Dubai’s flagship carrier, was diverted to Kaohsiung International Airport in Taiwan after it was unable to land in Hong Kong. The crew and passengers stayed…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: It’s been a volatile session. The S & P 500 on Wednesday afternoon briefly sold off after it was reported that President Donald Trump…