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☆ Taiwan slams Elon Musk, says it's 'not for sale' nor part of China
▼ + stars: | 2023-09-14 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Taiwan is "not for sale," and neither is it part of China, said Taiwan's Ministry of Foreign Affairs, in a rebuke to Elon Musk who called the island "an integral part of China." "Listen up, Taiwan is not part of the PRC and certainly not for sale!" PRC refers to the People's Republic of China, the official name of China. Taiwan has been governed independently of China since the island split from the mainland in a civil war in 1949. Musk, the CEO of X, SpaceX, as well as electric car maker Tesla , went on to say: China's policy "has been to reunite Taiwan with China.

Persons: Elon Musk, Tesla, Joseph Wu, Musk, I've Organizations: Senate, Artificial Intelligence, Capitol, Ministry of Foreign Affairs, Foreign, Twitter, SpaceX, CNBC Locations: Washington , DC, Taiwan, China, People's Republic of China, Los Angeles, Beijing, Hawaii

☆ CNBC Daily Open: Don’t worry about August’s hotter-than-expected CPI
▼ + stars: | 2023-09-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Core inflation, which excludes food and energy prices, was up 4.3% on the year and 0.3% on the month. Chinese developers "were able to borrow liberally from shadow banks," a researcher said, which pushed up land prices and housing costs. Read what four analysts have to say about the risks and benefits of buying Arm shares.

Persons: it's, Softbank, Elon Musk Organizations: Labor, CNBC, Dow Jones, Japan's Nikkei, Elon, Taiwan's Ministry of Foreign Affairs Locations: Beverly Hills , California, Asia, Pacific, China, Taiwan, Hawaii

☆ The US is selling Taiwan a $500 million search and tracking system for its F-16 fighter jets
▼ + stars: | 2023-08-26 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

The US has agreed to sell Taiwan a $500 million tracking system for its F-16 fighter jets. Taiwan plans to use the system to help identify long-range targets. The Pentagon informed Congress of the sale of an F-16 infrared search and track system to Taiwan following approval from the US State Department Wednesday. Taiwan's Ministry of Foreign Affairs confirmed the US had agreed to a deal over the tracking system, which it said would help it defend the volatile Taiwan Strait. AdvertisementAdvertisementThe country's defense ministry said it intended to use the tracking systems on its F-16 fighter jets to help it better detect long-range targets.

Persons: Joe Biden Organizations: US, Service, Pentagon, US State Department, Taiwan's Ministry of Foreign Affairs, Reuters Locations: Taiwan, China, Wall, Silicon, stoke, Taiwan Strait

☆ Canada trade minister says trade talks with Taiwan are part of a larger Indo-Pacific strategy
▼ + stars: | 2023-02-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

Canada's decision to enter formal bilateral trade talks with Taiwan is part of a broader strategy for the Indo-Pacific region, its minister of international trade told CNBC Tuesday. The two sides agreed on Feb. 7 to begin formal negotiations on a trade agreement in order to strengthen trade and investment. Bilateral trade between Canada and Taiwan reached $5.82 billion in 2022, according to Taiwan's official statistics. Taiwan is Canada's 13th largest trading partner globally, and its 5th largest trading partner in Asia. Taiwan's exports to Canada amounted to $3.3 billion last year, and Canada exports to Taiwan amounted to $2.52 billion in the same period, according to that data.

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