DIRS.INFO The most relevant business & tech news

☆ Morgan Stanley says this pharma stock can rally more than 60% thanks to its narcolepsy treatment
▼ + stars: | 2024-09-20 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Centessa Pharmaceuticals could be at the forefront of a leading narcolepsy treatment that can send its shares soaring, according to Morgan Stanley. One of the company's drugs is ORX750 for the treatment of sleep-wake disorders, including narcolepsy type 1 and 2, or NT1 and NT2. Additionally, Centessa is developing ORX142 for the treatment of excessive daytime sleepiness, or EDS, in certain neurological, neurodegenerative and psychiatric disorders. The drug is designed to increase wakefulness, reduce cataplexy and potentially be a novel treatment for narcolepsy type 1. Given the firm's view of ORX750 as a now de-risked mechanism for treating narcolepsy, Hung modeled a higher peak market share for the treatment in NT1 by 2036.

Persons: Morgan Stanley, Jeffrey Hung, narcolepsy, Hung Organizations: Pharmaceuticals, IH, EDS Locations: NT1, NT2

☆ New homes are getting smaller. That could be big news for first-time buyers
▼ + stars: | 2024-08-05 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

In 1973, the median size of completed single-family homes was 1,525 square feet, according to US Census data. But as the cost of buying a home has exploded and McMansions have fallen out of favor, homebuilders have reversed course, building smaller homes with an eye to first-time buyers. Today, smaller, often more affordable homes under 1,000 square feet are harder to come by in most US suburbs. According to an NAHB survey, 17% of homebuilders said they built homes on smaller lots in 2023 to support home sales, and 14% said they built more townhouses. Smaller homes and fewer amenitiesHeather Eisenmann, a Realtor who specializes in selling new construction in Clarksville, Tennessee, said that she’s noticed that many of the new homes she shows now have smaller bedrooms and living rooms.

Persons: Jordyn Carias, ”, homebuilders, Alan Ratner, “, we’ve, Levittowns, wasn’t, Jacob Anbinder, ” Anbinder, Levitt, Irving Haberman, Michael Murray, Heather Eisenmann, she’s, ” Eisenmann Organizations: CNN, Zelman, Associates, National Association of Homebuilders, Cornell University, Sons, National Association of Realtors, Census Bureau Locations: Muscatine , Iowa, America, Levittown, New York, Puerto Rico, Real, United States, Horton, Clarksville , Tennessee, Muscatine, Sacramento

☆ Red Lobster closings: These are the locations it wants to shut down
▼ + stars: | 2024-06-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +6 min

New York CNN —Red Lobster wants to close several dozen more restaurants following its bankruptcy, and it has identified which ones are in danger of shutting down if the court approves its plan. The chain, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, filed for bankruptcy last month. Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime. A few weeks prior to its bankruptcy, it abruptly closed around 50 locations across the United States.

Persons: Fort Smith, Callaghan Lane, Fort, Elizabeth, Merritt, Port Richey, Dale Mabry, Ames, Charles Rock, Noland, Pike, Miller, Monroe, King of Prussia, Knox Abbott, Sam Rittenburg, Anderson Lane, Michael, Van Dorn, Murdock Organizations: New, New York CNN, Beulah, Bell, Oracle, Yuma Palms, Hospitality, College, Run, Fort Myers, Fort Walton, Biscayne, , Michigan City, Charles, Bartow, Pittsburgh, Lamar, Fairfax Locations: New York, America, United States, . Alabama, E, Tuscaloosa Arizona, Flagstaff, Peoria, Phoenix, Tucson, Yuma Arkansas, Shiloh, Fayetteville, Springs, Little Rock California, Citrus Heights, Calaveras, Milpitas, Ave, Monrovia, Pittsburg, Salinas, Hospitality Lane, San Bernardino, San Jose, Lane, Stockton, Vallejo Colorado, Colorado Springs, Fort Collins, Greeley, Pueblo Connecticut, North Haven Delaware, Talleyville Florida, Altamonte Springs, Clermont, North, Clearwater, Coral Springs, Fort Lauderdale, Cleveland, Fort, Fort Walton Beach, Hwy, Kissimmee, Worth, Lake Worth, Lakeland, Leesburg, Haven Ave, Melbourne, Merritt, St, Miami, North Miami, Orange, Alafaya, Orlando, Pensacola, Port, Petersburg, Tampa, The, West Palm Beach Georgia, Columbus, Jonesboro, Rome, Smyrna Illinois, Bourbonnais, Champaign Indiana, Kokomo, , Michigan, Richmond Iowa, Ames Kansas, Topeka Kentucky, Louisville, Paducah Maryland, Salisbury, Salisbury Michigan, Bay City, Waterford Minnesota, West, Bloomington, Golden Valley Mississippi, Tupelo Missouri, Charles Rock Rd, Bridgeton, Independence, Joplin New Jersey, Delran, Paramus New York, Bartow Ave ., Bronx, Copiague, Lakewood, Manhattan, Glen Street, Queensbury, Stony Brook North Carolina, Cary, Jacksonville Ohio, Dayton, Findlay, Maumee, S.E, , New Philadelphia, Parma, Strongsville, Monroe St, Toledo Pennsylvania, Chambersburg, DeKalb Pike, Pittsburgh South Carolina, Cayce, Charleston Tennessee, Chattanooga Texas, Austin, Padre, Corpus Christi, Duncanville, Frisco, Houston, Lubbock, Bedford, Richland Hills, San Antonio, San Marcos, Shenandoah, Texarkana, Wichita Falls Virginia, Alexandria, Blvd, Chesapeake, Fairfax, Spotsylvania, Fredericksburg, Richmond, Broad, Virginia Beach, Pkwy, Virginia Beach Washington, Lynwood, Randall Way, Silverdale West Virginia, Parkersburg

☆ China built a mock-up of key area in Taiwan's capital city at a desert training site, satellite images show
▼ + stars: | 2024-03-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Satellite images show China's mock-up of Taiwan's presidential office at a desert training site. AdvertisementOut in the desert at a military training site, China has built a mock-up of a key area of Taiwan's capital city where the presidential office and other government buildings are located, satellite images show. Related storiesThe office mock-up was a convincing replica. A general view of the Presidential Office Building in Taipei. People watch a video about China's military advancements at the Military Museum in Beijing on March 3, 2024.

Persons: —, Joseph Wen, Wen, it's, Walid Berrazeg, Chiu Kuo, cheng, John Aquilino, GREG BAKER, Party's Lai Ching, Hou Organizations: Service, Alxa League, Planet Labs, Business, Planet, CCTV, Presidential, Rocket Force, Alxa, US, Pacific Command, US Armed Services House Committee, Military Museum, Getty Images, Democratic, ih Locations: China, Taiwan, Alxa, Mongolia, Taipei, Taiwan's, Zhurihe, Inner Mongolia, Beijing, AFP, Getty Images China, It's

☆ Who is Lai Ching-te, Taiwan’s new leader and why does China dislike him?
▼ + stars: | 2024-01-14 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

On Saturday, Lai, 64, the current vice president from the ruling Democratic Progressive Party (DPP), won a widely watched election to become Taiwan’s next president. Confetti flies over crowds as Lai Ching-te speaks to supporters at a rally at the DPP's headquarters on January 13, 2024 in Taipei, Taiwan. It was 1994, less than a decade after the DPP first emerged from Taiwan’s democracy movement against the authoritarian rule of the Kuomintang (KMT). Louise Delmotte/AP‘Chill out’In the lead-up to the election, China made no secret of its desire to prevent a Lai victory. Hours after Lai declared victory, China dismissed the outcome of Taiwan’s elections, saying the DPP “does not represent mainstream public opinion” on the island.

Persons: CNN — Lai Ching, Lai, Taiwan’s, “, ” Lai, we’re, ”, Xi Jinping, ” “, –, Tsai Ing, Lai Ching, Annice Lyn, I’ve, Louise Delmotte, Hou Yu, Beijing’s, Tsai, Xi, Beijing, Hsiao Bi, Hsiao, ” Lai Ching, Ann Wang, ’ Lai, ” Yang Wei Organizations: CNN, Communist Party, Democratic Progressive Party, “, DPP, Kuomintang, KMT, Communist, ih, National Taiwan University, Reuters, Taiwan People’s Party, Taiwan Affairs Office Locations: Taiwan, China, Taiwan Strait, Beijing, Tainan, Taipei, United States, ”

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

TAIPEI, Taiwan (AP) — Ruling-party candidate Lai Ching-te emerged victorious in Taiwan’s presidential election on Saturday, a result that will determine the trajectory of the self-ruled democracy’s contentious relations with China over the next four years. Beijing strongly opposes Lai, the current vice president who abandoned his medical career to pursue politics from the grassroots to the presidency. It's the first time a single party has led Taiwan for three consecutive four-year presidential terms since the first open presidential election in 1996. Its candidate, Hou Yu-ih, also had promised to restart talks with China while bolstering national defense. Evelyn Ni traveled from China especially to get a taste of Taiwan’s election.

Persons: Lai Ching, Lai, Tsai Ing, Hou Yu, Hou, “, I’m, David Chiau, Ko Wen, Ko, Chen Binhua, Beijing wouldn't, ” Chen, Antony Blinken, ” Blinken, Evelyn Ni, Tony Chen, ”, Xi Jinping, Stacy Chen, Gabrielle Reid, Sung Organizations: Democratic, Nationalist, KMT, ih, Taiwan People’s Party, DPP, Cabinet's Taiwan Affairs Office, Biden, Associated Press Locations: TAIPEI, Taiwan, China, Beijing, Japanese, United States, Taipei, Russia, Ukraine, South China

Taipei, Taiwan CNN —Taiwan’s ruling Democratic Progressive Party pulled off a historic third consecutive presidential victory on Saturday as voters shrugged off warnings by China that their re-election would increase the risk of conflict. The counting of votes has concluded, with Lai – the candidate of Taiwan’s ruling Democratic Progressive Party (DPP) – receiving just over 40% of the total votes, according to Taiwan’s Central Election Commission (CEC). Taiwan’s opposition Kuomintang (KMT) party candidate Hou Yu-ih garnered 33.49% of the votes, with Taiwan People’s Party (TPP) candidate Ko Wen-je received 26.45%. A spokesperson for China’s Taiwan Affairs Office insisted the election result “does not represent the mainstream view on the island.”“Taiwan is China’s Taiwan. “There’s multiple times that China could cause a fuss over a DPP victory, either now or later this year,” Nachman said.

Persons: Taiwan CNN — Taiwan’s, Lai Ching, ” Lai, “, Hsiao Bi, Lai –, Taiwan’s, –, Hou Yu, Ko Wen, je, Xi Jinping, Xi, Yasuyosh Chiba, Tsai Ing, Lai, Tsai, China’s, ” Xi, Hsiao, ”, Jaw Shaw, kong, Sam Yeh, Biden, Wang, Lev Nachman, ” Nachman, Nachman, hasn’t, they’ve Organizations: Taiwan CNN, Democratic Progressive Party, Commission, Kuomintang, KMT, ih, Taiwan People’s Party, Taiwan Affairs Office, Xinhua, China’s Communist Party, Party, Taiwan, Communist, DPP, Chinese Communist Party, Taiwan’s, Illinois State University, National Chengchi University, China’s Taiwan Affairs, Taiwan “, Analysts Locations: Taipei, Taiwan, China, United States, Beijing, ”, China’s Taiwan, AFP, “, New Taipei City, Washington, Taiwan Strait

☆ White House prepares for Taiwan presidential elections and 'period of higher tension'
▼ + stars: | 2024-01-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders' week in Woodside, California, Nov. 15, 2023. A senior Chinese liaison to Taiwan warned recently that Saturday's election would be a choice between "peace and war." Depending on the outcome, they could also trigger an increase in Chinese military activity in and around the island. Taiwan has reported myriad attempts by the Chinese government to influence the election via disinformation campaigns, cyberattacks and economic coercion. These meetings build on President Joe Biden's November one-on-one with Chinese President Xi Jinping in San Francisco, which aimed to end the bitter freeze that has characterized recent U.S.-China relations.

Persons: Joe Biden, Xi Jinping, Biden, Washington, Lai Ching, Hou Yu, Ko Wen, Jon, Joe Biden's, Xi, Taiwan's Organizations: Economic Cooperation, U.S ., Democratic Progressive Party, U.S, ih, Pentagon, National, White House Locations: Asia, Woodside , California, Taiwan, China, Beijing, U.S, United States, Washington, Taipei, San Francisco

☆ World Economic Forum risks report sees a ‘global catastrophe’ within 10 years
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

The gloomy outlook comes from an annual survey by the World Economic Forum (WEF) of people paid to identify and manage global risks. According to the report published Wednesday, nearly two-thirds of respondents expect an “elevated chance of global catastrophes” in the next decade. Sam Yeh/AFP/Getty ImagesExtreme weather events were ranked the number two short-term risk, demonstrating heightened awareness about the environment and climate change in a year plagued by rising temperatures and rampant floods and wildfires. Cyber insecurity also made it into the top five short-term risks, for the first time in a decade. Lack of economic opportunity, persistently high inflation and an economic downturn were ranked sixth, seventh and ninth on the list of short-term risks respectively.

Persons: “, Carolina Klint, Marsh McLennan, ”, Hou Yu, Sam Yeh, “ It’s, Saadia Zahidi, ” Zahidi, ” John Scott Organizations: London CNN, Humanity, World Economic, American Psychological, Marsh, CNN, ih, Getty, Zurich Insurance Group Locations: Davos, Switzerland, Israel, Carolina, Europe, Taoyuan, AFP

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

☆ Think of what happened to Hong Kong when you vote, Taiwan president says
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Dec 3 (Reuters) - Taiwan President Tsai Ing-wen appealed to voters on Sunday to think of what had happened to Chinese-controlled Hong Kong when they cast their ballots next month, saying peace must be backed up with a commitment to boost defences. China and Taiwan's main opposition party, the Kuomintang (KMT), have cast the election as a choice between war and peace. China detests Taiwan's ruling Democratic Progressive Party (DPP) and its presidential candidate, Vice President Lai Ching-te, calling them dangerous separatists. "Look at Hong Kong and think of Taiwan. Beijing in 2020 imposed a tough national security law on Hong Kong, which it said was vital to restore stability after the city, a global financial hub, was rocked for months by sometimes violent anti-government and anti-China protests in 2019.

Persons: Tsai Ing, Lai Ching, Lai, Tsai, Hou Yu, Ben Blanchard, William Mallard Organizations: Kuomintang, KMT, Democratic Progressive Party, ih, Thomson Locations: TAIPEI, Taiwan, Hong Kong, China, Taipei, British, Beijing

☆ Taiwan opposition rushes to register candidates after talks implode on live TV
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +3 min

The talks were brokered by the billionaire founder of major Apple supplier Foxconn (2317.TW), Terry Gou, who is running as an independent candidate. In one of the most dramatic moments, the KMT's presidential candidate, Hou Yu-ih, read a private text message from TPP candidate Ko Wen-je in which Ko said Gou needed to "find a reason" to drop out of the presidential race. Hou and Ko will on Friday morning go to the election commission to register their separate presidential runs, ahead of a 0930GMT registration deadline. Gou, who has trailed far behind in the polls, has not said whether he will also register. By contrast, a united DPP has been charging ahead in its election campaign, registering its presidential and vice presidential candidates on Tuesday.

Persons: Terry Gou, Ma Ying, Hou Yu, Eric Chu, Ko Wen, Ko, Hou, Gou, Lai Ching, Lai, Ben Blanchard, Roger Tung, Lincoln, Gerry Doyle Organizations: Taiwan People's Party, ih, Kuomintang, KMT, Democratic Progressive Party, Apple, Thomson Locations: Taiwan, TAIPEI, China

☆ Terry Gou: Foxconn founder drops out of Taiwan presidential race
▼ + stars: | 2023-11-24 | by ( Wayne Chang | Michelle Toh | ) edition.cnn.com time to read: +2 min

Taipei/Hong Kong CNN —Terry Gou, the billionaire founder of major Apple supplier Foxconn, withdrew from the race to become Taiwan’s next president on Friday, just hours before the deadline to formally register as a candidate. “I have never yielded in the battlefield of international business,” Gou said in a statement, without providing a specific reason for the retreat. “For the future of the Republic of China, choosing to yield is all the love I can give to my homeland,” Gou added, referencing Taiwan’s official name. Gou founded Foxconn, established as Hon Hai Precision Industry in Taiwan, in 1974. Shortly after he announced his bid, Chinese state media reported that Foxconn was under investigation by authorities in China over land use and tax concerns.

Persons: Hong Kong CNN — Terry Gou, Taiwan’s, “, ” Gou, Gou’s, Tammy Lai, ”, Hou Yu, Ko Wen, Gou, Foxconn, wouldn’t, Hai Organizations: Hong Kong CNN, Apple, Foxconn, ih, Kuomintang, Taiwan People’s Party, Democratic Progressive Party, Hai Precision Industry, Communist, CNN, for Public Credit Locations: Taipei, Hong Kong, Republic of China, Taiwan, China, Beijing, Wuhan

TAIPEI, Nov 24 (Reuters) - Terry Gou, the billionaire founder of tech giant Foxconn (2317.TW), on Friday withdrew from the race to be Taiwan's next president, bringing a sense of relief to the major Apple (AAPL.O) supplier and iPhone manufacturer, sources said. Complete the change of power and change Taiwan," Gou said. Despite a massive advertising campaign, which saw his face plastered across Taiwan, Gou consistently polled far behind his rivals. Although Gou stepped down as Foxconn chief in 2019 and resigned as a board member in early September, he remained the company's largest shareholder. "It's a sigh of relief," said one of the sources, who declined to be identified due to the sensitivity of the matter.

Persons: Terry Gou, Gou, Hou Yu, Ko Wen, Ko, Lai Ching, Foxconn, Young Liu, TPP, Tammy Lai, Lai, Yimou Lee, Ben Blanchard, Sarah Wu, Muralikumar Anantharaman, Gerry Doyle Organizations: Apple, Democratic Progressive Party, ih, Kuomintang, KMT, Taiwan People's Party, Facebook, Global Times, Reuters, Netflix, Thomson Locations: TAIPEI, Ukraine, Taiwan, China, Taipei, Beijing

☆ Terry Gou, the founder of iPhone maker Foxconn, drops out of Taiwan's presidential election race
▼ + stars: | 2023-11-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Foxconn founder Terry Gou has withdrawn from Taiwan's presidential race. AdvertisementTerry Gou, the founder of Foxconn – Apple's main manufacturer of iPhones – has dropped out of Taiwan's presidential race. Taiwan's presidential race is closely watched because China claims the self-ruled island — a semiconductor powerhouse — as its own territory. The more opposition candidates there are, the more these votes could be split against the ruling party to ensure Lai's win. Other presidential candidates in the island's presidential race are DPP's Lai, KMT's Hou Yu-ih, and former Taipei mayor Ko Wen-je from the Taiwan People's Party.

Persons: Terry Gou, Gou, —, Foxconn, –, William Lai, Xi Jinping, Lai, Beijing wouldn't, Tammy Lai, KMT's Hou Yu, Ko Wen Organizations: Service, Democratic Progressive Party, Nvidia, Kuomintang, ih, Taiwan People's Party Locations: China, Taiwan, Beijing, Taipei

[1/3] Hsiao Bi-khim, vice presidential candidate for Taiwan's Democratic Progressive Party (DPP) and former envoy to the United States, speaks to the media during a press conference in Taipei, Taiwan November 23, 2023. The opposition Kuomintang (KMT) and Taiwan People's Party (TPP) had previously agreed to work together against the ruling DPP but have made no progress on plans for a united presidential ticket. Lai and Hsiao, on the other hand, with a united party behind them, are moving ahead smoothly with their campaign. Their disagreement has gripped Taiwan for the past week, and both parties have insisted they still want to work together. At the Taipei hotel, Gou's campaign set up a digital clock counting down to Friday's election registration deadline of 0930 GMT.

Persons: Hsiao, Ben Blanchard, Lai Ching, Terry Gou, Lai, It's, Gou, Ko Wen, Hou Yu, Huang Shih, Huang, Yimou Lee, Sarah Wu, Jacqueline Wong, Robert Birsel Organizations: Taiwan's Democratic Progressive Party, REUTERS, Rights, Democratic Progressive Party, DPP, Kuomintang, KMT, Taiwan People's Party, TPP, ih, Thomson Locations: United States, Taipei, Taiwan, Rights TAIPEI, China, United, Beijing, Taiwan Strait

☆ Taiwan ruling party powers ahead as chaos engulfs opposition campaign
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

[1/2] Taiwan's Vice President Lai Ching-te and his running mate Hsiao Bi-Khim arrive to register for the upcoming presidential election for the ruling Democratic Progressive Party (DPP) at the Central Election Commission in Taipei, Taiwan November 21, 2023. Vice President Lai Ching-te of the ruling Democratic Progressive Party (DPP), who China views as a separatist, leads opinion polls to be Taiwan's next president. Talks between the two main opposition parties to team up and take him on have floundered and are in deadlock. Lai told reporters he and Hsiao were "confident and determined to lead Taiwan steadily in the chaotic situation". Taiwan's main opposition party the Kuomintang (KMT), which traditional favours close ties with Beijing, had agreed with the much smaller Taiwan People's Party (TPP) last week to offer a joint ticket to take on Lai.

Persons: Lai Ching, Hsiao Bi, Ann Wang, Lai, Taiwan's, Hsiao, Hou Yu, Ko, Hou, Huang Shan, Huang, Terry Gou, Tammy Lai, Gou, Huang Shih, Ben Blanchard, Raju Gopalakrishnan Organizations: Democratic Progressive Party, Central, Commission, REUTERS, Rights, Kuomintang, KMT, Taiwan People's Party, ih, Apple, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, Beijing, China, Taiwan's, Lai

☆ Taiwan opposition talks deadlocked, with no signs of compromise
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +2 min

The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. China has stepped up military and political pressure, including high-profile war games, to press the island to accept the sovereignty claims that Taiwan rejects. The parties on Saturday failed to reach agreement on how to interpret opinion polls and thus decide on who will stand for which position. China detests frontrunner Lai, regarding him as a separatist, and has rebuffed repeated calls from him for talks. Hou especially has vowed to renew dialogue with Beijing, and says Lai is a dangerous supporter of Taiwan independence.

Persons: Ko Wen, je, Democratic Progressive Party's, Lai Ching, Hou Yu, Eric Chu, Lai, Hou, Ko, Hsiao, Ben Blanchard, Tom Hogue Organizations: Kuomintang, KMT, Taiwan People's Party, Democratic Progressive, ih, Thomson Locations: TAIPEI, China, Taiwan, Taipei, Beijing, United States

☆ Clock ticking as Taiwan opposition bicker over joint presidency bid
▼ + stars: | 2023-11-18 | by ( Ben Blanchard | ) www.reuters.com time to read: +3 min

The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. China has stepped up military and political pressure, including high-profile war games, to press the island to accept its sovereignty claim, which Taiwan rejects. But both parties failed to reach agreement on how to interpret opinion polls and thus decide who will stand for what position by an originally scheduled deadline of Saturday. China detests frontrunner Lai, regarding him as a separatist, and has rebuffed repeated calls from him for talks. Hou especially has vowed to renew dialogue with Beijing, and says Lai is a dangerous supporter of Taiwan independence.

Persons: Democratic Progressive Party's, Lai Ching, Hou Yu, Ko, Lai, Hou, Hsiao, Eric Chu, Tsai Ing, Ben Blanchard, William Mallard, Kim Coghill Organizations: Kuomintang, KMT, Taiwan People's Party, Democratic Progressive, ih, Former Taipei, DPP, Thomson Locations: TAIPEI, China, Taiwan, Beijing, United States, Chiayi

The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. It will unite Taiwan," Hou told business leaders after the talks. China cut off routine talks with Taiwan after President Tsai Ing-wen of the DPP took office in 2016. OPPOSITION CHALLENGEChen Yi-fan, an assistant professor of diplomacy and international relations at Taiwan's Tamkang University, said if Hou and Kou did not work together then Lai would certainly win. Lai says only Taiwan's people can decide their future and has repeatedly offers talks with Beijing, which has rejected the offers.

Persons: Eric Chu, Hou Yu, Ma Ying, Ko Wen, Lai Ching, Democratic Progressive Party's, Hou, Tsai Ing, Chen Yi, Kou, Lai, Chen, Ma, Hsiao Hsu, Hsiao, China detests Lai, Ko, Terry Gou, Gou, TPP, Ben Blanchard, Yimou Lee, Muralikumar Anantharaman, Robert Birsel Organizations: Taiwan's Kuomintang, KMT, ih, Kuomintang, Taiwan People’s, Democratic Progressive, Taiwan People's Party, Taiwan's Tamkang University, Beijing, DPP, Apple, Thomson Locations: Taiwan, Taipei, TAIPEI, China, Beijing, U.S, United States

☆ Taiwan's opposition parties to decide on joint presidential ticket
▼ + stars: | 2023-11-15 | by ( ) www.cnbc.com time to read: +4 min

(L-R) Eric Chu, Taiwan's main opposition Kuomintang (KMT) chairman, Hou Yu-ih, KMT presidential candidate, Ma Ying-jeou, former Taiwan president and Ke Wen-je, presidential candidate from the Taiwan People's Party (TPP) pose following a meeting in Taipei on November 15, 2023. The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. Taiwan's two main opposition parties, which have vowed to renew talks with China, agreed on Wednesday to make a decision on a joint presidential ticket for January's elections, as the front-running ruling party decried interference from Beijing. It will unite Taiwan," Hou told business leaders after the talks. Lai says only Taiwan's people can decide their future and has repeatedly offers talks with Beijing, which has rejected the offers.

Persons: Eric Chu, Hou Yu, Ma Ying, Ke Wen, Sam Yeh, Lai Ching, Democratic Progressive Party's, Ko Wen, Hou, Tsai Ing, Chen Yi, Kou, Lai, Chen, Ma, Hsiao Hsu, Hsiao, China detests Lai, Ko, Terry Gou, Gou, TPP Organizations: Kuomintang, KMT, ih, Taiwan People's Party, SAM YEH, Getty, Democratic Progressive, Taiwan's Tamkang University, Beijing, DPP, Apple Locations: Taiwan, Taipei, AFP, China, Beijing, U.S, United States

Nov 7 (Reuters) - Agricultural and construction machinery maker CNH Industrial on Tuesday lowered its 2023 revenue forecast, citing a softening for its farm machinery, predominantly in South America, sending its shares plummeting. A Milan-based trader told Reuters European funds were also selling the stock ahead of CNH's delisting from the Milan bourse. The Italian-American company lowered its net revenue forecast from industrial activities, which accounts for the majority of CNH's revenue, of between 3-6% this year, down from a previous forecast of 8-11%. CNH, which houses brands such as Case IH and New Holland, reported third-quarter net sales from industrial activities down 1% year on year at $5.33 billion. CNH, which also announced a new share buyback programme as part of plans to achieve single listing on the New York Stock Exchange, reported quarterly adjusted operating profit from industrial activities of $657 million, down from $670 million a year earlier.

Persons: Scott Wine, Alessandro Parodi, Giancarlo Navach, Bianca Flowers, Kirsten Donovan, David Goodman, David Evans Organizations: Reuters, Milan bourse, Deere, Co, Caterpillar Inc, IH, South, New York Stock Exchange, Thomson Locations: South America, Milan, New York, American, New Holland

☆ Taiwan opposition to team up for parliamentary elections
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Oct 30 (Reuters) - Taiwan's two main opposition parties said on Monday they will team up for parliamentary elections in January in a bid to win more seats but said more discussions are needed on a joint ticket for a presidential vote. The issue of China, which views self-ruled Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. It has stepped up military and political pressure to press the island to accept its sovereignty claim, which Taiwan rejects. China cut off a routine talks with Taiwan after President Tsai Ing-wen of the DPP took office in 2016. The two opposition parties have vowed to pursue dialogue with China on an equal and dignified basis and "restore peace and stability in the Taiwan Strait".

Persons: William Lai, Hou Yu, Ko Wen, Tsai Ing, Yimou Lee, Robert Birsel Organizations: Democratic Progressive Party, Kuomintang, KMT, ih, Taiwan People's Party, Thomson Locations: TAIPEI, China, Taiwan, Taipei

☆ China's crackdown on Foxconn, one of Apple's biggest suppliers, shows Beijing is willing to sacrifice its economy for political power
▼ + stars: | 2023-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

China has launched investigations into Taiwan's Foxconn over its land use in mainland China. AdvertisementAdvertisementEven Foxconn, China's largest private-sector employer, isn't immune from Beijing's whims. Foxconn, also known as Hon Hai Precision Industry, is a huge contributor to China's employment and economic growth. Given how important Foxconn is to China's economy, it's a sign that Beijing is willing to make some sacrifices in its economy for political reasons, Liu said. China's economy is in tattersChina's economy has struggled to recover after nearly three years of on-off COVID-19 lockdowns.

Persons: —, Terry Gou, Foxconn, William Lai, KMT's Hou Yu, Ko Wen, Anna Ashton, Lai, China —, Gabriel Wildau, Zhu Fenglian, Dongshu Liu, Liu, they've, Insider's Linette Lopez, Xi, Lee Miller, Lopez, Liu Pengyu Organizations: Service, Hai Precision Industry, Apple, Democratic Progressive Party, ih, Taiwan People's Party, Eurasia Group, Gzero Media, KMT, Teneo Holdings, Bloomberg, Foxconn, Taiwan Affairs Office, City University of Hong, WPP, DC Locations: China, Beijing, Taiwan —, Taiwan, Taipei, New York, City University of Hong Kong, tatters, Washington, Foxconn

Search resuls for: "IH"

25 mentions found