The U.S. disputed claims that a forthcoming visit by Chinese President Xi Jinping to Saudi Arabia signals America’s waning influence in the Middle East.
The U.K. economy contracted in the second quarter of 2022, although by less than economists expected.
Beijing’s trade blocks against Taiwan affect under 1% of their two-way trade. But military drills in the Taiwan Strait may delay shipments, analysts warn.
SoftBank posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter for its Vision Fund. This is its second-largest quarterly loss.
Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth.
You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story.
Taiwan’s business and economic ties with mainland China and Hong Kong have grown so large that the region is by far the island’s largest trading partner.
Semiconductors have become a key part of the rivalry between the U.S. and China with TSMC, which dominates chipmaking, caught in the middle.
U.S. House Speaker Nancy Pelosi met Taiwan President Tsai Ing-wen on Wednesday in a high-stakes visit that has infuriated Beijing.
Local media reports citing unnamed sources said Pelosi would go ahead with her visit to Taiwan, a self-ruled island that China sees as a runaway province.