Paraguay calls for Taiwan to invest $1bn to remain allies

Paraguay’s president Mario Abdo Benítez has called on Taiwan to invest $1bn in his country to help him resist “enormous” pressure to switch diplomatic recognition to rival China. Most of Taiwan’s remaining diplomatic allies are in Latin America and the Caribbean, but Beijing has been gradually prising them away with offers of aid, loans and … Read more

Global Financial Firms Reassess Risks of Operating in China if Taiwan Tensions Escalate

Global financial firms, still smarting from multi-billion-dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co. and UBS Group AG have asked their staff to review contingency plans in the past few months to … Read more

Home to 28,000 U.S. troops, S.Korea unlikely to avoid a Taiwan conflict By Reuters

© Reuters. FILE PHOTO: U.S. President Joe Biden has an ice cream as he greets the US troops during his visit to the Air Operations Center at Osan Air Base in Pyeongtaek, South Korea, May 22, 2022. REUTERS/Jonathan Ernst By Josh Smith SEOUL (Reuters) – Tensions over Taiwan have raised the thorny issue of whether … Read more

Corporate America is fretting over Taiwan risks, regulatory filings show

Executives at publicly traded US companies are becoming increasingly worried about the spectre of a further escalation of tensions over Taiwan, a major supplier of crucial components like semiconductors. The number of annual regulatory filings citing Taiwan as a risk factor has risen significantly over the past 12 months, according to Financial Times calculations based … Read more

Biden says U.S. forces would defend Taiwan in the event of a Chinese invasion

Breadcrumb Trail Links PMN Business Author of the article: Reuters David Brunnstrom and Trevor Hunnicutt Publishing date: Sep 19, 2022  •  10 minutes ago  •  3 minute read  •  Join the conversation Article content WASHINGTON — U.S. President Joe Biden said U.S forces would defend Taiwan in the event of a Chinese invasion, his most explicit … Read more

Joe Biden says US would defend Taiwan from Chinese attack

President Joe Biden said the US would defend Taiwan from a Chinese attack, in a strong warning to Beijing one month after China held large-scale military exercises in response to House Speaker Nancy Pelosi’s visit to Taipei. Asked in an interview on Sunday with CBS News’s 60 Minutes whether he would deploy US forces to … Read more

Biden says U.S. forces would defend Taiwan in the event of a Chinese invasion By Reuters

© Reuters. U.S. President Joe Biden speaks after signing a condolence book for Britain’s Queen Elizabeth, following her death, at Lancaster House in London, Britain, September 18, 2022. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – U.S. President Joe Biden said in an interview broadcast on Sunday that U.S forces would defend Taiwan in the event of a … Read more

Strong earthquake hits southeastern Taiwan, building collapses By Reuters

© Reuters. By Ben Blanchard and Yimou Lee TAIPEI (Reuters) -A 6.8 magnitude earthquake hit the sparsely populated southeastern part of Taiwan on Sunday, the island’s weather bureau said, derailing train carriages, causing a convenience store to collapse and trapping hundreds on mountain roads. The weather bureau said the epicentre was in Taitung county, and … Read more

Senate panel passes bill to provide $6.5bn to fund weapons for Taiwan

The US Senate foreign relations committee has passed a sweeping bill to provide $6.5bn to fund weapons and other support for Taiwan as the Chinese military escalates its aggressive activity around the island. The Senate panel passed the Taiwan Policy Act by a margin of 17-5 in a result that underscored the strong bipartisan support … Read more

U.S. weighs China sanctions to deter Taiwan action, Taiwan presses EU

Breadcrumb Trail Links PMN Business Author of the article: Reuters Ben Blanchard and Yimou Lee and John O’Donnell and Alexandra Alper and Trevor Hunnicutt Article content TAIPEI/FRANKFURT/WASHINGTON — The United States is considering options for a sanctions package against China to deter it from invading Taiwan, with the European Union coming under diplomatic pressure from … Read more