Taiwan Financial News

earthquake hit Taiwan's east coast, Reuters reported citing Taiwan's fire department on Wednesday. Meanwhile, a tsunami warning issued for Miyakojima and Okinawa islands in Japan following a powerful earthquake in Taiwan has been downgraded from a warning to an advisory, CNN reported citing Japan's Meteorological Agency.

Read the full story here.)Sensex Today Live : Indian stock markets were likely to open on a negative note, tracking falls in global peers as markets digested the risk of a longer wait for rate cuts by the US Federal Reserve.The Gift Nifty futures, at 22,455, at 7:56 am, were below Tuesday's Nifty 50 close of 22,453.30, indicating a slow start for Indian benchmarks.Asian shares tracked Wall Street lower on Wednesday as U.S. yields held near four-month highs, while a powerful earthquake in the region raised concerns about possible disruptions to the vital chip-making industry.Markets are also pondering the risk of slower rate cuts ahead of U.S.

Biden raised concerns over China's support for Russia's defence industrial base and its impact on European and transatlantic security."He raised concerns over the PRC’s support for Russia’s defense industrial base and its impact on European and transatlantic security, and he emphasised the United States’ enduring commitment to the complete denuclearization of the Korean Peninsula," the White House reported. "If the United States insists on suppressing China's high-tech development and depriving China of its legitimate right to development, we will not sit idly by," Xi warned, according to Chinese state media. Biden also refused to back down on TikTok, the blockbuster Chinese-owned app that Congress is threatening to ban unless it changes hands, with Kirby saying Biden insisted he wanted to protect Americans' data security.

Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing. Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before.

Flights were suspended at the main airport in Japan's southern region of Okinawa on Wednesday due to a tsunami alert triggered by an earthquake in Taiwan, a government official said. Operations at Naha Airport were suspended from 9:25 am local time (0025 GMT) as a precautionary measure, a transport ministry official stationed at the airport told AFP.

Philippines warned of "high tsunami waves" and called for the evacuation of coastal areas across the country Wednesday after a 7.4-magnitude quake in neighbouring Taiwan. «The people in the coastal areas of the following provinces are strongly advised to immediately evacuate to higher grounds or move farther inland,» the state seismology institute said in an advisory.

Okinawa. "Tsunami waves of up to 3 meters were expected to reach large areas of Japan's southwestern coast," according to the Japan Meteorological Agency, which put the quake magnitude at 7.5, as per Reuters report. Additionally, a powerful earthquake with a magnitude of 7.2 struck offshore Taiwan on the same day, shaking the capital city of Taipei and prompting tsunami warnings for the islands of southern Japan and the Philippines.

jobs, and then sell what they produce to the rest of the world. The recipe — customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China — has produced the most potent engine the world has ever known for generating economic growth. It has helped lift hundreds of millions of people out of poverty, create jobs and raise standards of living.

A group in Taiwan is focusing on seniors as it tries to combat fake news, one conversation at a time

A Taiwanese blockchain tech firm is teaming up with journalists to fact-check the upcoming election in India in a battle against digital deception.

Air Canada has awarded a Hong Kong company a major contract to perform heavy maintenance on 56 of its wide-body jets, sparking concerns about Chinese spies bugging the planes and aircraft becoming trapped in China if a military conflict erupts with Taiwan.

Some of the biggest U.S. companies in artificial intelligence have asked their Taiwanese manufacturing partners to step up production of AI-related hardware in Mexico, seeking to diminish reliance on China. Taiwan-based Foxconn, the world’s largest contract electronics manufacturer, and other Taiwanese companies are heeding the call and investing more in Mexico, according to industry executives and analysts.

China launches an amphibious attack on Taiwan. The U.S. responds with a missile attack to sink Chinese ships.

The majority of these are first-time job seekers in the 19-24 years age group, said government officials and experts aware of the details. Apart from this, about 300,000 people have been employed indirectly, they estimated. Companies that get incentives under the PLI scheme need to submit employment creation data to the government.

Assam Rifles was deployed in Kameng Frontier Division of the Arunachal Pradesh since 1958. Its posts were spanning over a large area including Chuthangmu, Bumla and Chuna in Kameng Frontier and Longju & Taksing in Subhansiri Frontier. During this period, there was a uprising going on in Tibet.

Ministry of National Defence (MND) said it detected eight Chinese military aircraft and five naval vessels operating around the nation between 6 am (local time) on Friday to 6 am (local time) on Saturday, Taiwan News reported. Following China's action, Taiwan, in response, monitored People's Liberation Army (PLA) activity and deployed appropriate forces. According to Taiwan's Ministry of National Defence, one PLA aircraft entered Taiwan's southwest air defence identification zone (ADIZ) during that time. In a post on X, Taiwan's Ministry of National Defence stated, «8 PLA aircraft and 7 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today. 1 of the aircraft entered Taiwan's SW ADIZ. #ROCArmedForces have monitored the situation and employed appropriate forces to respond.»

NEW DELHI : Ongoing tensions in the Taiwan strait can impact Indian exports passing through the region, the domestic semiconductor industry relying on supplies from the area, and the critical undersea cable network anchored there, said Vijay Gokhale, former diplomat and foreign secretary, on Saturday. Speaking at the Mint India Investment Summit 2024, Gokhale emphasized the importance of India using its considerable diplomatic influence to inform the global community about the potential consequences of a US-China conflict and to play a role in averting such a scenario. "India carries substantial diplomatic weight around the world," he remarked.

Asian shares have ended mostly higher in quiet, Good Friday holiday trading and European and U.S. markets were closed

India has taken the right path to achieving self-sufficiency in semiconductors by starting with production of the relatively less complex mature nodes, said a top executive of Taiwanese fabless chipmaker MediaTek. «I think that it is a good strategy adopted by the Indian government that they started with the mature nodes, because they are less complex.,» Anku Jain, managing director, MediaTek India, told ET in an interview. «4nm is complex and relatively more difficult to implement. The new fabs that are coming up in India want to start with the mature node (as) it is slightly easier. I think that is the right approach.»

TAIPEI (Reuters) — Taiwan's central bank said on Tuesday it would continue moderate tightening of monetary policy to curb rising inflation expectations after unexpectedly raising its benchmark rate last week.

US military plans to bolster functions of its command headquarters in Japan, as it aims for smoother cooperation with the Asian country's self-defence forces in tackling security threats posed by China and North Korea according to diplomatic sources cited by Kyodo news agency. Japan and the United States will also work on further steps to enhance their response capabilities, Kyodo reported. Tokyo had in 2022 decided to acquire the capability to strike enemy bases even under Japan's war-renouncing Constitution. Also, Japan is set to establish a joint headquarters to command its ground, maritime and air forces by the end of March 2025 with Kishida's government is aiming to deepen cooperation between the US military and the joint headquarters.