City Taipei Financial News

Crypto trading platform WOO X has resumed operations after one of its market markers saw a significant amount of crypto assets withdrawn due to a breach of its security system.

China's growing influence across Central America. With the Chinese ambassador at his side, Bukele toured the seven-story building, erected at a cost of $54 million paid for by China. The building sprawls over 24,000 square meters (260,000 square feet), and contains gamer and robotics areas, interactive digital screens and both a digital library and shelves containing 360,000 books, the government said on Tuesday. A day later, the son of Nicaraguan President Daniel Ortega, Laureano Ortega, inspected 250 Chinese-made buses and thanked Beijing for the «special relationship» he asserted was lifting the nation out of poverty. «The new politics of the region has accelerated China's influence and put distance between the United States and Central America, from the leftist authoritarian Ortega regime to the right-wing authoritarian Bukele regime,» Evan Ellis, a researcher at the US Army War College Strategic Studies Institute, told AFP. Since Costa Rica switched diplomatic relations from Taipei to Beijing in 2007, China has steadily gained ground in Central America, establishing relations with Panama (2017), El Salvador (2018), Nicaragua (2021) and most recently Honduras earlier this year. «China's efforts in Central America have mostly been driven by an interest in isolating Taiwan,» Margaret Myers, a specialist in China and Latin America at the Inter-American Dialogue, told AFP. In Central America, only Guatemala and Belize are among the dwindling 13 nations that still maintain diplomatic ties with Taiwan, a self-governing island that China considers part of its territory.

TAIPEI (Reuters) -Apple Inc supplier Foxconn reported on Tuesday a surprise 11% increase in third-quarter profit, boosted by strong demand for smart consumer electronics ahead of the year-end holiday shopping season in Western markets.

Israel showed interest in taking Indian workers, another nation has now shown its interest in doing the same. Taiwan which has tense relations with its neighbour China has shown interest in hiring nearly 100,000 Indians to work at factories, farms, and hospitals as reported by Bloomberg. A pact with Taiwan doesn’t suggest India is discarding the “One China Policy" — a position that recognizes the island as being a part of China.

Travel was expensive and busy in 2023, leading jetsetters to seek out cheaper, less-trodden alternatives to popular hot spots. It's a great way to save money on trips heading into 2024, according to experts.

The saga of the imploded cryptocurrency exchange JPEX continues to develop as Taiwanese prosecutors have reportedly found new alleged suspects.

The Taipei District Prosecutors Office has detained two individuals linked to JPEX, the cryptocurrency exchange, as part of an ongoing investigation into suspected fraud.

Estonia's government says it will allow Taiwan to open a nondiplomatic representative office of Taipei in the Baltic country to boost economic and cultural ties with the self-governing island

Vedanta Ltd a lesson on the better path toward industrial expansion. Taipei-based Wistron is slowly exiting its business of assembling Apple’s marquee product. Two years ago, it sold a Chinese unit that makes iPhones to Luxshare Precision Industry Co.

Tata Group will one day become a case study for Indian industrial policy. The conglomerate has a high chance of success through buying its way into iPhone manufacturing, offering rival empires like mining group Vedanta Ltd. a lesson on the better path toward industrial expansion. Wistron Corp., a Taipei-based maker of computers, servers and smartphones, is slowly exiting its business of assembling Apple Inc.’s marquee product. Two years ago, it sold a Chinese unit that makes iPhones to Luxshare Precision Industry Co. for 3.35 billion yuan ($457 million). On Oct. 27, it announced the sale of Wistron InfoComm Manufacturing (India) Private Ltd., known as WMMI, to Tata Electronics Private Ltd.

Confederation of Indian Industry explored the possibilities of boosting ties with Taiwan in various industrial sectors, a senior official said. The delegation led by CII Tamil Nadu Textile Panel Convenor G R Gopi Kumar studied areas of mutual understanding in man-made fabrics, sustainable and technical textiles and invited firms from Taiwan to invest in the state.

Google introduced Immersive View for routes. Starting this week, Immersive View for routes is gradually becoming available in Amsterdam, Barcelona, Dublin, Florence, Las Vegas, London, Los Angeles, Miami, New York, Paris, San Francisco, San Jose, Seattle, Tokyo, and Venice on both Android and iOS platforms. Immersive View for places, powered by AI blends thousands of Street View and aerial images, allowing users to preview restaurants or landmarks ahead of your visit.

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TAIPEI (Reuters) — After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple (NASDAQ:AAPL) supplier Foxconn, wanted to turn his entrepreneurial skills elsewhere — to be the island's next president.

China on Wednesday urged Taiwanese firms operating in the country to show «responsibility», after Beijing launched a probe into tech giant Foxconn over tax and land irregularities. State media reported over the weekend that Foxconn — a Taiwanese firm that is one of the world's largest contract producers of electronics and a key supplier for Apple's iPhones — was under investigation.

Foxconn, saying Beijing should «cherish» Taiwanese companies and not put pressure on them during an election. Foxconn is facing a tax probe in China, two sources close to the company said on Monday, confirming a report in China's state-backed Global Times.

By Yimou Lee and Ben Blanchard

TAIPEI (Reuters) — Taiwanese chipmaker TSMC has received from the United States a waiver extension to supply U.S. chip equipment to the company's factories in China, Taiwan Economy Minister Wang Mei-hua said on Friday.

Taiwan has repeatedly pushed for the conclusion of a Bilateral Investment Agreement (BIA) with the EU, saying it would help encourage more Taiwanese investment, especially from chip companies.

(Fixes headline typo)

BEIJING/TAIPEI (Reuters) — China on Monday extended an investigation into what it calls Taiwan's trade barriers against it by three months to the eve of the island's presidential election, prompting Taipei to accuse Beijing of attempting to interfere in the vote.