Taiwan
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World News
Taiwan Detects 35 Chinese Military Aircraft Amid Rising Tensions
Taiwan’s Defense Ministry reported on Sunday, November 3, 2024, the detection of 35 Chinese military aircraft, including fighters and bombers, heading south towards the Pacific for military exercises. This marks the second consecutive day that such military activities have been observed. China considers Taiwan, which operates as a democratically governed entity, as part of its territory and routinely conducts military…
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World News
U.S. Approves $2 Billion Arms Sale to Taiwan, Provoking Outrage from Beijing
The U.S. has authorized a significant arms sale to Taiwan, worth nearly $2 billion, including advanced missile systems. This decision has drawn sharp criticism from Beijing, which perceives the move as a threat to its sovereignty and has vowed to implement countermeasures. The escalating military dynamics in the Taiwan Strait raise concerns about regional stability, as the U.S. continues to…
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India News
Taiwan Stocks Plummet 8.4% in Record Drop, Led by Tech Sell-off
Taipei: Taiwan’s stock market experienced a historic decline on Monday, plunging 8.4%, with significant losses in tech stocks like TSMC. Investors, rattled by the grim outlook for global tech stocks and the U.S. economy, sold off one of Asia’s top-performing markets this year. The main index dropped by 1,807.21 points, marking its steepest one-day percentage fall, closing at 19,830.88, a…
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World News
Beijing Issues Strong Warning Against Taiwan’s Pursuit of Independence
China’s top diplomat, Wang Yi, issued a stern warning against Taiwan’s pursuit of independence, stating that any steps towards sovereignty would face severe consequences. This follows Taiwan’s recent election of pro-sovereignty candidate Lai Ching-te as president, despite Beijing’s opposition. Wang emphasized that attempts at independence would be “harshly punished” both historically and legally. China, asserting Taiwan as its territory, insisted…
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USA
China Strongly Objects as US Congratulates Taiwan’s New President
China expressed strong displeasure towards the United States for congratulating Lai Ching-te on winning Taiwan’s presidential election. China claims Taiwan as its own territory and opposes any support for Taiwan’s independence. Despite the US commending Taiwan’s democratic process, China vehemently protested, arguing that it violates the “one-China principle.” Beijing urged the US to halt official interactions with Taiwan and refrain…
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World News
Terry Gou Drops Taiwan Presidential Bid After Unity Talks Collapse
Terry Gou, the Taiwanese billionaire and former chairman of Foxconn, has dropped his bid for the presidency of Taiwan after unity talks with the Kuomintang (KMT) and the People’s Party (TPP) collapsed. Gou, who is estimated to have a net worth of $7 billion, made the announcement in a press conference on Friday. He said that he was withdrawing from…
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Business
YES BANK and Cloud Ace India Team Up for Digital Transformation
Mumbai: YES BANK has entered into a Memorandum of Understanding (MOU) with Accelerated Computing Enterprise Pvt. Ltd. (trading as “Cloud Ace India”), a leading provider of cloud solutions. The agreement signifies a pivotal step in YES BANK’s commitment at facilitating tech innovation and global digital transformation. It also emphasizes the Bank’s endeavour of using advanced cloud tech and financial expertise…
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