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The video was shared by the Taiwanese Defence Ministry through a post on X. «The threat posed by #PLA to Taiwan and the region has escalated from coercion to directly affecting the First Island Chain, undermining the rules-based international order. #ROCArmedForces continue to forge our capabilities and deter war», the MND said.

Global growth is forecast to moderate, partly due to the heightened uncertainty surrounding U.S. trade policy, and key economies like China, Europe and Canada are expected to loosen monetary policy significantly.

Chinese stimulus offered only a sliver of support. They drew some comfort from an outsized rate cut in Switzerland that saw the Aussie jump 1.3% on the Swiss franc, while an easing from the European Central Bank helped it firm on the euro.

Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week. Brent crude futures edged down 8 cents to $73.33 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $69.95 a barrel, down 7 cents.

Peter Navarro, Trump's incoming senior counselor for trade and manufacturing, said the White House would not interfere with the Treasury Department's biannual review looking in to whether foreign trade partners are manipulating their currencies.

Japanese and Australian shares declined and equity futures for Hong Kong signaled losses after selling on Wall Street hit stocks and government bonds Thursday. The Nasdaq 100 slid 0.7% while the S&P 500 fell 0.5% as traders weighed higher-than-expected jobless claims against too hot producer price data.

Trump's election has put US companies and those who have American companies as top clients in a 'wait and watch' mode, as they have put a pause on making further investments in India. This is causing worry among several state governments, with officials telling ET that companies are holding off on finalising large investments as they await clarity on Trump's policies after his inauguration as President on January 20. Several of them also expect the Trump administration's policies to favour India over China and see it as a positive for Indian businesses. «There is too much uncertainty right now,» one person from a large electronics manufacturing services firm said. «Any further investment into India is on hold until we get clarity on what Trump's policies will be,» the person said. «We are also heavily reliant on our clients and their strategy to base our next moves and at the moment our clients are not wanting to commit to anything further as they may have to set up more factories in the US. We will ultimately go where the client wants.»

India's growth story may not have been as sparkling as China's but it's more balanced, thanks to its more judicious investment-consumption mix, Boston Consulting Group's global chief economist Philipp Carlsson-Szlezak said. «When you look at it carefully, China's growth has been very unbalanced-very much focused on capital accumulation, neglecting consumption. And that is now catching up with China,» he told ET in an interview. «To me, from afar at least, it looks like India is on a more balanced path. I presume you can do a lot more capital investment-both public and private. But the fact that consumption is already a significant share of output, to me, it looks much more balanced,» he added. However, additional tariffs on Chinese goods, as pledged by US president-elect Donald Trump, may not necessarily divert massive investments by global corporations away from China, he reckoned.

Indian Grandmaster D Gukesh made history on Thursday by becoming the youngest world chess champion at just 18 years old. In a gripping final showdown, Gukesh defeated reigning champion Ding Liren of China in the 14th and deciding game to clinch the title. The match kept chess fans worldwide on edge, with Gukesh securing 7.5 points to Liren’s 6.5 after a dramatic victory in the final classical time control game. Along with the prestigious title, Gukesh will receive a prize fund of $2.5 million. But did you know that this young champion has two Rajinikanth connections?

Top industry executives have decried the government's modest ₹1,100 crore FY25 budgetary allocation, amounting to 0.03% of the GDP, for telecom-related R&D, including allocations towards the IndiaAI Mission and design-linked incentive scheme. They termed it an unrealistic and feeble attempt to aspire for leadership on the global 6G stage. More so, since the actual FY25 budgetary allocation to the Department of Telecommunications (DoT) for R&D is just Rs 400 crore.

The Biden administration has announced it is raising tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses

Indian Light Tank (ILT) has been developed to boost the Army's combat capabilities along the frontier with China. The latest trial of the tank followed the phase-one trial in the desert environment in September. «The Indian Light Tank has achieved a major milestone by firing a number of rounds at different ranges at an altitude of more than 4200 m, at a high altitude location with consistently accurate results,» the ministry said.

Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the US Trade Representative's office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% from 25% and duties on certain tungsten products will increase from zero to 25%, effective on Jan. 1, following a review of Chinese trade practices under Section 301 of the 1974 Trade Act. The decision followed a public comment period after the USTR said in September that it was considering such actions.

Gukesh Dommaraju, a.k.a. D Gukesh, was 'only' the third youngest grandmaster in history. By yesterday evening, the teenager from Chennai also entered the annals of chess history, becoming the youngest-ever world chess champion.

Subscribe to enjoy similar stories. SINGAPORE : China’s leaders promised more government support for their struggling economy next year as they brace for the return of President-elect Donald Trump and another big showdown over trade. An annual gathering of top officials on the economy concluded with pledges to cut interest rates and boost government borrowing to pep up economic growth, according to a report by China’s state broadcaster Thursday.

D Gukesh etched his name in history on Thursday by becoming the youngest world chess champion at the age of 18. Gukesh defeated reigning champion Ding Liren of China in the 14th and final game of their closely contested match to secure the title. The match, which kept chess enthusiasts on edge, ended with Gukesh achieving 7.5 points against Liren’s 6.5 after a dramatic victory in the final classical time control game. As the new world champion, Gukesh will receive the $2.5 million prize fund. Gukesh is the second Indian to claim the world chess title, following in the footsteps of the legendary Viswanathan Anand. Anand, a five-time world champion, last held the title in 2013 before losing to Magnus Carlsen.

Cyber officials are advising people to use encryption in their communications after a sprawling hacking campaign

Chinese leaders have wrapped up a two-day planning meeting in Beijing with pledges to take a more proactive approach in pepping up the economy, but gave no details on stimulus measures

The Australian government says it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations

Donald Trump is all set to take charge as the 47th President of the United States. The swearing-in ceremony will be held on January 20. High-profiled guests are expected to attend the event. The Kremlin said on Thursday that Russian President Vladimir Putin had not received an invitation to attend the January 20 inauguration of the U.S. President-elect Donald Trump. CBS, citing multiple unidentified sources, said that Trump had invited Chinese President Xi Jinping to attend. Meanwhile, President-elect Trump, who has both derided Time magazine and pined for its approval, was named the publication's person of the year on Thursday.

Gukesh Dommaraju made history on Thursday by becoming the youngest chess world champion, defeating defending champion Ding Liren of China in a dramatic final game of a 14-game match held in Singapore. At just 18 years old, Gukesh is now the 18th world chess champion, surpassing Garry Kasparov, who held the record as the youngest champion since 1985 when he defeated Anatoly Karpov at the age of 22. In the decisive game, Gukesh, playing with the black pieces, capitalized on a blunder by Ding, who faltered under pressure in what was considered a favorable position. The win gave Gukesh a 7.5-6.5 victory in the match, sealing his historic triumph.