DIRS.INFO The most relevant business & tech news

☆ House Speaker Kevin McCarthy meets with president of Taiwan despite China threat
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse Speaker Kevin McCarthy meets with president of Taiwan despite China threatCNBC's Eamon Javers reports on House Speaker Kevin McCarthy's meeting with Taiwanese President Tsai Ing-wen in California on Wednesday despite threats of retaliation from China.

LOS ANGELES, April 5 (Reuters) - Taiwanese President Tsai Ing-wen is set to meet U.S. House Speaker Kevin McCarthy on Wednesday in the first such meeting on U.S. soil, a plan that has drawn threats of retaliation from China, which claims self-ruled Taiwan as its own. It will be the highest-level meeting with a Taiwanese president on U.S. soil since Washington switched diplomatic recognition from Taipei to Beijing in 1979. A meeting in California is seen as a potentially less provocative alternative to McCarthy visiting Taiwan, something he has said he hopes to do. Washington called on China not to overreact, portraying Tsai's stopovers as routine and a normal part of its unofficial relationship with Taiwan. White House spokesperson Karine Jean-Pierre told a regular news briefing on Tuesday Tsai's transit was "private" and "unofficial."

The Chinese Embassy in Washington called self-ruled Taiwan "an inalienable part of China" and said the one-China principle was an "overwhelming trend" internationally. When Taiwan temporarily averted a split with Honduras after President Xiomara Castro took office in January 2022, U.S. State Department officials remained wary. The Biden administration is also keeping a close eye on tiny Belize for any cracks in its Taiwan relationship. Two U.S. officials said Washington was putting less stock in Taiwan maintaining its diplomatic allies in favor of efforts to increase its participation in international organizations. While denied a seat in the United Nations, Taiwan is a member of the WTO and the Asia-Pacific Economic Cooperation forum.

☆ US House speaker McCarthy meets Taiwan leader in California, despite Chinese warnings
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: 1 min

LOS ANGELES, April 5 (Reuters) - U.S. House Speaker Kevin McCarthy met Taiwanese President Tsai Ing-wen in California on Wednesday, becoming the most senior U.S. figure to meet a Taiwanese leader on U.S. soil since 1979 despite threats of retaliation from China, which claims self-ruled Taiwan as its own. McCarthy, a Republican who through his House position is number three in the U.S. leadership hierarchy, welcomed Tsai on Wednesday morning at the Ronald Reagan Presidential Library in Simi Valley, California, near Los Angeles. Reporting by Michael Martina and David Brunnstrom; editing by Kanishka SinghOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Diplomatic competition between Taiwan and China
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +3 min

April 5 (Reuters) - Taiwan and China have engaged for years in competition for diplomatic recognition, but the pendulum has long swung decisively in Beijing's favour. Honduras last month ended its decades-long relationship with Taiwan and said it only recognised China, leaving Taiwan with formal diplomatic relations with just 13 countries. Here are some facts about the diplomatic feud between Taiwan and China:* Following the communist revolution in China in 1949, the defeated Republic of China government fled to Taiwan, insisting that it remained the sole legal representative of the Chinese people. China says Taiwan is merely one of its provinces and only Beijing can represent the island on the world stage. * Some countries have swapped between Taiwan and China more than once, including Liberia and the Central African Republic.

☆ China blasts meeting between Taiwan leader and US House speaker
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

BEIJING, April 6 (Reuters) - China's foreign ministry on Thursday condemned a meeting in California between Taiwan's leader and the U.S. House Speaker as "acts of collusion" and said it would defend its sovereignty, according to the Xinhua news agency. "China firmly opposes and strongly condemns the acts," China's foreign ministry spokesperson said, according to the official state news agency. "In response to the seriously erroneous acts of collusion between the United States and Taiwan, China will take resolute and effective measures to safeguard national sovereignty and territorial integrity." [1/2] Taiwan's President Tsai Ing-wen and the U.S. Speaker of the House Kevin McCarthy hold a news conference following a meeting at the Ronald Reagan Presidential Library, in Simi Valley, California, U.S. April 5, 2023. China claims democratically governed Taiwan as its own territory, a position the government in Taipei strongly contests.

☆ China sends carrier group off Taiwan coast ahead of US meeting
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

China, which claims democratically-governed Taiwan as its own territory, has warned of unspecified retaliation if the meeting goes ahead. China staged war games around Taiwan last August following the visit to Taipei of then-House Speaker Nancy Pelosi. "The Chinese communists continue to send aircraft and ships to encroach in the seas and airspace around Taiwan," the ministry said. China has yet to comment on the carrier group, whose appearance also coincided with the arrival in Beijing of French President Emmanuel Macron. Taiwan's defence ministry, in its statement about the Shandong's latest mission near the island, said that "external pressure will not hinder our determination to go into the world".

LONDON, April 5 (Reuters) - As "fragmentation" of politics and economics becomes the new buzzword for a world that appears to be splintering into blocs, the related costs of the new order are only now being totted up. Corporate rethinking of foreign direct investment (FDI) - bricks-and-mortar developments overseas as well as mergers and acquisitions - would make the hit even scarier. And if FDI fragmentation is defined by a permanent rise in cross-bloc barriers to imported investment inputs, the IMF said developments could cut world output by 2% in the long term. "Fragmentation of the global economy will likely put inflation at a higher structural level, and the cost of capital will likely go up, squeezing low-quality and leveraged companies." Reuters GraphicsBIS chart on global trade as share of GDPBCG projections on world trade to 2031The opinions expressed here are those of the author, a columnist for Reuters.

☆ McCarthy meets with Taiwan leader as China threatens 'actions' in response
▼ + stars: | 2023-04-05 | by ( Christina Wilkie | ) www.cnbc.com time to read: +2 min

US Speaker of the House Kevin McCarthy (R-CA) (R) speaks with Taiwan President Tsai Ing-wen while arriving for a bipartisan meeting at the Ronald Reagan Presidential Library in Simi Valley, California, on April 5, 2023. House Speaker Kevin McCarthy and a bipartisan congressional delegation are meeting Wednesday with Taiwanese President Tsai Ing-wen in Simi Valley, California, in a move that has increased simmering U.S. tensions with China. The Republican House speaker is the highest ranking U.S. official to meet with a leader of Taiwan on U.S. soil since 1979. Tsai's meeting with McCarthy follows private meetings she held last week with small groups of U.S. lawmakers. But in reality, Tsai's packed schedule of high-level meetings with U.S. lawmakers would rival that of any official visit by a world leader.

☆ Taiwan president discusses 'regional situation' ahead of McCarthy meeting
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, April 5 (Reuters) - Taiwan President Tsai Ing-wen met with senior security officials on Tuesday to discuss the "regional situation" ahead of her meeting with U.S. House Speaker Kevin McCarthy in California, which China has demanded not take place. China, which claims Taiwan as its own territory, has threatened unspecified retaliation if the get-together, scheduled for Wednesday, happens. After then-House Speaker Nancy Pelosi visited Taipei in August, China staged war games around Taiwan. Tsai "listened to a briefing on the overall regional situation", her office said in a statement. Taiwan has no far not reported any unusual Chinese military movements ahead of the McCarthy meeting.

☆ Kevin McCarthy Prepares to Meet Taiwan’s President as Tensions With China Swirl
▼ + stars: | 2023-04-04 | by ( Joyu Wang | ) www.wsj.com time to read: 1 min

Taiwanese President Tsai Ing-wen is set to land in Los Angeles on Tuesday evening ahead of a meeting with the U.S. House speaker. TAIPEI—Taiwanese President Tsai Ing-wen and the Biden administration are heading into the most pivotal event in her closely watched travels through the U.S.—a meeting with House Speaker Kevin McCarthy that will test Beijing’s and Washington’s ability to manage tensions. Ms. Tsai is set to land in Los Angeles on Tuesday evening for the second of two multiday stopovers in the U.S. on her way to and from visiting Taiwan’s diplomatic partners in Central America. At the top of her agenda in California is a long-anticipated meeting with Mr. McCarthy in the Ronald Reagan Presidential Library on Wednesday that Beijing has warned would lead to unspecified retaliation.

Taiwanese President Tsai Ing-wen is set to meet with the U.S. House speaker on Wednesday. A bipartisan group of senators quietly met with Taiwan’s president in New York last week, expressing support for the island’s independence and touting legislation that would impose stiff economic and financial sanctions against China if it invaded Taiwan. The meeting with Republican Sens. Dan Sullivan of Alaska, Joni Ernst of Iowa and Democratic Sen. Mark Kelly of Arizona was disclosed just as Taiwanese President Tsai Ing -wen and the Biden administration are heading into the most pivotal event in her closely watched travels through the U.S.

☆ Explainer: Why is China so angry about Taiwan president meeting US Speaker McCarthy?
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +4 min

Here are the key issues in Taiwan-U.S., China-U.S. and Taiwan-China relations, why China is so angry about the meeting and what it might do to express its anger:WHY IS CHINA SO ANGRY? China staged war games around Taiwan last August after then-House Speaker Nancy Pelosi visited Taipei, and has threatened unspecified retaliation if the McCarthy meeting goes ahead. Taiwan's official name continues to be the Republic of China, though these days the government often stylises it as the Republic of China (Taiwan). She says the Republic of China and People's Republic of China are "not subordinate" to each other. Beijing says Tsai must accept that both China and Taiwan are part of "one China".

LOS ANGELES, April 4 (Reuters) - China, Taiwan, and the United States all share a common interest in ensuring this week's California stopover by Taiwan's president gets the focus each thinks it deserves, but without setting off a new crisis. It is sure to elicit a forceful reaction from Beijing, which considers Taiwan part of its territory. McCarthy, as House speaker, is third in line to the U.S. leadership and he has said publicly that he does not rule out a future visit to Taiwan. Xu Xueyuan, charge d'affaires at China's Washington embassy, said last week that McCarthy meeting Tsai "could lead to another serious confrontation in the China-U.S. With an eye the Taiwan election, China invited former Taiwanese President Ma Ying-jeou of the KMT party for a visit coinciding with Tsai's U.S. stopovers.

☆ China warns US House Speaker not to meet Taiwan president
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Leah Millis/File PhotoBEIJING, April 4 (Reuters) - China warned U.S. House Speaker Kevin McCarthy on Tuesday not to "repeat disastrous past mistakes" and meet Taiwan President Tsai Ing-wen, saying it would not help regional peace and stability, but only unite the Chinese people behind a common enemy. China, which claims Taiwan as its own territory, staged war games around the island last August after then-Speaker Nancy Pelosi, a Democrat, visited the capital, Taipei. The U.S. says such stopovers are common practice and there is no need for China to overreact. In a statement on Tuesday, Taiwan's foreign ministry said China had no right to complain, as the People's Republic of China has never ruled the island. "Even if the authoritarian government continues with its expansion and intensifies coercion, Taiwan will not back down."

☆ Morning Bid: Markets brush off OPEC as factories stall
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike DolanRelatively calm world markets have brushed off OPEC's latest twist and focussed more squarely on stalled global manufacturing and edgy U.S.-China relations. Crude oil prices held much of Monday's pop higher on the surprise weekend production cut by the Organization of Petroleum Exporting Countries. But Brent crude remains below levels seen just before the Silicon Valley Bank bust last month and is still tracking year-on-year declines of 20%. Strikingly, both short and long-term inflation expectations embedded in the Treasury markets , have barely budged since the OPEC news. McCarthy, the third-most-senior U.S. leader after the president and vice president, is due to host a meeting in California on Wednesday with Tsai.

☆ Belize reaffirms ties with Taipei as Taiwanese president visits
▼ + stars: | 2023-04-03 | by ( Jose Sanchez | ) www.reuters.com time to read: +2 min

[1/3] Taiwanese President Tsai Ing-wen arrives at Philip S. W. Goldson International Airport, Belize City, Belize in this handout picture released April 3, 2023. Tsai's visit comes a week after Honduras severed diplomatic relations with Taipei in favor of Beijing amid heightened U.S.-China tensions. China claims democratically ruled Taiwan as its own territory with no right to state-to-state ties, a position Taipei strongly rejects. Guatemala and Belize are two of just 13 countries that Taiwan has diplomatic relations with. The Taiwanese leader is set to meet with U.S. House Speaker Kevin McCarthy in a second U.S. stopover in California on Wednesday.

☆ US House speaker to host Taiwan president on Wednesday in California
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Taiwanese President Tsai Ing-wen attends a dinner banquet as she arrives for a visit in Belize, in this handout picture released on April 3, 2023. Taiwan Presidential Office/Handout via REUTERSWASHINGTON, April 3 (Reuters) - U.S. House Speaker Kevin McCarthy will host a meeting in California on Wednesday with Taiwan's President Tsai Ing-wen, his office said, part of a sensitive U.S. stopover that has drawn Chinese threats of retaliation. China, which claims democratically ruled Taiwan as its own territory, has repeatedly warned U.S. officials not to meet Tsai. "On Wednesday, April 5th, Speaker Kevin McCarthy will be hosting a bipartisan meeting with the President of Taiwan at the Ronald Reagan Presidential Library," his office said in a statement. The White House has urged China to not use Tsai's "normal" stopover in the United States as a pretext to increase aggressive activity against Taiwan.

☆ Taiwan strengthens ties with Guatemala following Honduras rupture
▼ + stars: | 2023-04-02 | by ( Sofia Menchu | ) www.reuters.com time to read: +2 min

[1/3] Taiwan's President Tsai Ing-wen walks with her Guatemalan counterpart Alejandro Giammattei, during her visit at Chimaltenango hospital in Chimaltenango, Guatemala, in this photo released on April 2, 2023. Guatemala Presidency/Handout via REUTERSGUATEMALA CITY, April 2 (Reuters) - Taiwan's President Tsai Ing-wen completed a three-day trip to Guatemala on Sunday where she offered more cooperation with Guatemalan President Alejandro Giammattei's government, one of Taiwan's few allies in the world. Tsai's tour, which will take her to Belize on Sunday afternoon, comes a week after Honduras severed diplomatic relations with Taipei in favor of Beijing. China refuses to allow other countries to maintain diplomatic relations with both at the same time. While visiting Guatemala, Tsai signed a $4 million agreement to modernize rural areas and promised to promote and increase cooperation between the two countries.

☆ Taiwan says 10 Chinese aircraft crossed Taiwan Strait median line
▼ + stars: | 2023-04-01 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, April 1 (Reuters) - Ten Chinese aircraft crossed the median line of the Taiwan Strait, normally an unofficial barrier between the two sides, Taiwan's defence ministry said on Saturday, as Beijing continues its military activities near the island. Nine Chinese fighter jets and one military drone crossed the median line in the 24 hours to 6 a.m. on Saturday (2000 GMT on Friday), the ministry said in its daily report on Chinese military activities. Taiwan sent aircraft to warn away the Chinese aircraft, while missile systems monitored them, the ministry said, using standard wording for its response. China staged war games around Taiwan in August after then-Speaker Nancy Pelosi visited Taipei, and has continued military activities near Taiwan, though on a reduced scale. Separately, nine Chinese aircraft crossed the median line on Friday carrying out combat readiness patrols, a move that Taiwan's defence ministry said has "deliberately created tension" and undermined peace and stability.

☆ Trump Indictment: How a Potential Arrest Could Play Out
▼ + stars: | 2023-03-31 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Taiwan President Makes Transit Trip to U.S. Amid Tensions With China Taiwanese President Tsai Ing-wen is in New York as she makes transit visits through the U.S. on her way to Central America. She is expected to meet House Speaker Kevin McCarthy next week. WSJ’s Josh Chin analyzes the significance of this trip. Photo: Yuki Iwamura/Associated Press

☆ Taiwan Leader’s U.S. Visit Is Purposely Low-Key
▼ + stars: | 2023-03-31 | by ( James T. Areddy | Joyu Wang | ) www.wsj.com time to read: 1 min

NEW YORK—It is the highest-profile U.S. visit by a Taiwan leader in years. Nonetheless, President Tsai Ing-wen is keeping largely out of the public eye. A U.S. stopover that began Wednesday in New York marks Ms. Tsai’s first foreign travel since mid-2019 and comes at a time of heightened tensions with China that many fear could veer into future armed conflict.

☆ Factbox: Relations between Taiwan and the United States
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +3 min

Here are some facts about the relationship between Taiwan and the United States. * During the height of the Cold War, Taiwan hosted U.S. military bases and the two had a Mutual Defence Treaty. * In 1979, the United States severed official relations with the government in Taipei and instead recognised the government in Beijing. * Post-1979, the U.S. relationship with Taiwan has been governed by the Taiwan Relations Act, which gives a legal basis to provide Taiwan with the means to defend itself, but does not mandate that the United States come to Taiwan's aid if attacked. * The United States retains a large de facto embassy in Taipei called the American Institute in Taiwan, staffed by diplomats.

REUTERS/Dado Ruvic/Illustration/File PhotoTAIPEI, March 31 (Reuters) - Nine Chinese aircraft crossed the Taiwan Strait's median line on Friday carrying out combat readiness patrols, Taiwan's defence ministry said, days after Beijing threatened retaliation if President Tsai Ing-wen meets U.S. House Speaker Kevin McCarthy. China, which claims democratically ruled Taiwan as its own territory despite the strong objections of the island's government, has been angered by what it sees as stepped up U.S. support for Taiwan. "China deliberately raises tensions, but Taiwan always responds cautiously and calmly, so that the world can see that Taiwan is the responsible party in cross-Strait relations," she said. 'ALL PREPARATIONS'A senior Taiwan official familiar with security planning told Reuters the Chinese aircraft had only "slightly" encroached across the median line, and that no unusual movements by Chinese ships had been stopped. China staged war games around Taiwan last August following the visit to Taipei of then U.S. House Speaker Nancy Pelosi, and has continued its military activities near Taiwan since though on a reduced scale.

☆ Political Uncertainty in Taiwan Adds to U.S.-China Tensions
▼ + stars: | 2023-03-30 | by ( Joyu Wang | ) www.wsj.com time to read: 1 min

TAIPEI—Political tides have begun to turn in Taiwan, threatening to alter the island democracy’s relationships with both Washington and Beijing and reshape tensions between the world’s two superpowers. Taiwanese President Tsai Ing -wen departed Taipei Wednesday on a trip that includes planned stops in New York and Los Angeles, part of an effort to push forward with her Democratic Progressive Party’s strategy of cultivating closer ties with the U.S.

Search resuls for: "tsai"

25 mentions found