Taiwan’s Defense Ministry Detects Chinese Balloons Crossing Taiwan Strait Introduction The defense ministry of Taiwan has reported the detection of eight Chinese balloons crossing the Taiwan Strait within the past 24 hours. Out of these, five balloons crossed over into Taiwan. This marks the second consecutive day of a significant number of balloons being spotted….
China Increases Military Pressure on Taiwan Amidst U.S.-China Meeting On Friday, Beijing conducted a significant military show of force towards Taiwan, deploying numerous aircraft and naval vessels. This occurred on the same day as a meeting between U.S. national security adviser Jake Sullivan and Chinese Foreign Minister Wang Yi, which aimed to stabilize U.S.-China relations….
China to Sanction U.S. Military Manufacturers in Response to Arms Sales Background China has announced sanctions against five U.S. military manufacturers in retaliation to the recent U.S. arms sales to Taiwan, according to a spokesperson from the Chinese foreign ministry. The sale of arms to Taiwan has long been a contentious issue between the United…
China’s President Xi Jinping Asserts Inevitable Reunification with Taiwan In his New Year’s address on Sunday, President Xi Jinping declared that China’s “reunification” with Taiwan is inevitable. This statement comes with less than two weeks remaining before the upcoming presidential and parliamentary elections in Taiwan, amidst escalating tensions between Beijing and Taipei. China has been…
Taiwan Warns of Increased Risk of Accidental Clash with China The increased frequency of China’s military activities around Taiwan recently has raised the risk of events “getting out of hand” and sparking an accidental clash, the island’s defence minister said on Saturday. Military Drills and Provocations Taiwan has reported a surge in Chinese military operations…
Asia’s Ultra-High-Net-Worth Population Declines in 2022 Introduction A report by data firm Altrata reveals that Asia experienced the largest decline in ultra-high-net-worth (UHNW) individuals in 2022, with a decrease of about 10.9%. Reasons for Decline The report attributes the decline in Asia’s ultra wealthy population to various factors: China’s strict Covid lockdown The war in…
China Condemns U.S. Visit by Taiwan Vice President, Vows to Protect Sovereignty China Condemns Visit by Taiwan Vice President In a strong statement, China’s foreign ministry expressed its condemnation for the recent visit of Taiwan Vice President William Lai to the United States. They labeled Lai as a separatist and a “troublemaker through and through.”…
EventMobi Acquires Run The World to Expand Event Management Capabilities EventMobi, an event management software provider based in Toronto, Canada, today announced that it’s agreed to acquire Run The World, an Andreessen Horowitz (a16z)-backed platform for online events, for an undisclosed amount. Bob Vaez, the founder and CEO of EventMobi, said that the purchase will…
Geopolitical Tensions Identified as Biggest Threat to Global Economy Shift in Perception of Economic Risks for Businesses The latest survey by Oxford Economics reveals that businesses now consider geopolitical tensions to be the biggest threat to the global economy. According to Jamie Thompson, head of macro scenarios and author of the survey, this finding “confirms”…
Apple Earnings Report: What to Expect Introduction Apple is expected to post its third consecutive quarterly revenue decline when it reports earnings after the bell on Thursday. Wall Street expects $81.7 billion in sales, which would be down about 2.3% from last year. Apple stock is up over 51% so far in 2023, hitting all-time…