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Taiwan reaches out for international support following China invasion

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As tensions between China and Taiwan reach a 40 year high, Taipei is now seeking international support, following incursions made by Beijing

Taiwan President Tsai Ing-wen says the nation will ensure regional peace and stability going forward, seeking to work with international partners such as France and Australia.

The President held conversations with other like-minded democracies on Thursday, telling senior French and Australian dignitaries that international support would be requested following a dramatic spike in tensions with China.

The trips by four French senators and former Australian Prime Minister Tony Abbott come after four straight days of intense Chinese air force incursions into Taiwan’s air defence zone.

FILE PHOTO: Soldiers march to position during an anti-invasion drill on the beach during the annual Han Kuang military drill in Tainan, Taiwan, September 14, 2021. REUTERS/Ann Wang

Those incursions have been met with concern by Washington and its allies

Democratically ruled Taiwan has sought support from other democracies, especially the United States and it allies, amid the growing military and political pressure from China, who continues to claim Taiwan as its own territory.

The Taiwan president thanked her French international counterparts for their concern.

“We will continue to fulfil our responsibilities as members of the international community to ensure peace and stability in the Indo-Pacific region. We also hope to make more contributions to the world along with France,”

The PM said

Tsai gave a similar message in later remarks to Australia’s former leader Tony Abbott, who says he was currently in Taiwan to help end its international isolation, praising its democracy and handling of the COVID-19 pandemic.

“Of course not everyone and not everywhere is pleased at Taiwan’s progress, and I do note that Taiwan is challenged on an almost daily basis by its giant neighbour,”

Abbott said.

In March, the Chinese embassy in Paris warned against lawmakers meeting Taiwanese officials, prompting a rebuff from the French foreign ministry, which said French senators are free to meet whomever they wish when they travel.

Tony Abbott, Former Australian PM, is in Taiwan

Neither France nor Australia have formal diplomatic ties with Taiwan, like most countries

On Wednesday, US President Joe Biden confirmed he and his Chinese counterpart Xi Jinping have agreed to abide by the “Taiwan agreement”

The President of the United States appeared to be referring to America’s longstanding “one China” policy, where it recognises China rather than Taiwan.

But – the agreement further allows the United States to maintain a “robust unofficial” relationship with Tawian.

Beijing has sent “record numbers” of military jets into Taiwan’s air defence zone for four consecutive days.

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Tech stocks fall as gold reigns supreme

Markets retreated Monday, with the S&P 500 down 0.6% as tech giants fell and energy stocks gained.

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Markets retreated Monday, with the S&P 500 down 0.6% as tech giants fell and energy stocks gained.

In Short:
– Monday’s market activity declined due to lack of catalysts, with sellers dominating and equities falling.
– The S&P 500 dropped 0.6%, affected by selling pressure in tech and consumer sectors, while energy stocks rose.

A lack of catalysts led to a decline in market activity on Monday, as buyers withdrew and sellers dominated trading. While cash equity volumes remained steady, selling pressure was evident in stocks like Nvidia, Amazon, Meta, Tesla, and Microsoft. The absence of buyers resulted in equities falling under the weight of these selling flows.Markets reacted to comments from Federal Reserve officials, including Chair Jay Powell and Governor Michelle Bowman, but their remarks provided little new information for interest rates. Bowman expressed concerns about the Fed being behind the curve, citing a fragile labour market. Economic indicators such as the core PCE inflation and jobless claims may influence future Fed decisions.

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Market Dynamics

The S&P 500 ended the day down 0.6%, reflecting selling dynamics after a flat trading start. The tech and consumer discretionary sectors lagged, while energy stocks gained. Treasury yields decreased, and a solid 2-year Treasury auction occurred with little impact from PMIs. Currency markets showed mixed results, with notable activity in Australian and Latin American forex pairs. In commodities, platinum rose significantly, raising questions about market trends, while gold faced minor profit-taking.


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#StockMarket #TechStocks #SP500 #Nvidia #FederalReserve #Investing


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Murdochs set to invest in TikTok US deal

Rupert and Lachlan Murdoch may join investors in acquiring TikTok’s US operations amid new legislation limiting China’s influence.

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Rupert and Lachlan Murdoch may join investors in acquiring TikTok’s US operations amid new legislation limiting China’s influence.


Rupert and Lachlan Murdoch may join investors like Larry Ellison and Michael Dell in acquiring TikTok’s US operations, according to President Trump.

The potential deal comes after legislation passed in April 2024 aimed at limiting China’s influence over TikTok, which has 170 million American users.

#TikTok #Murdoch #Trump #Oracle #TechNews #SocialMedia


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Trump asserts Ukraine can reclaim lost territory

Trump claims Ukraine can reclaim lost territory, signalling a bold shift in his stance on the Russia-Ukraine conflict

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Trump claims Ukraine can reclaim lost territory, signalling a bold shift in his stance on the Russia-Ukraine conflict

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In Short:
– Trump asserts Ukraine can reclaim all territory lost to Russia, differing from previous suggestions of land surrender.
– His comments signal a shift in foreign policy, raising concerns among Ukraine and NATO allies about potential diplomatic impacts.
President Trump has declared that Ukraine can reclaim all territory lost to Russia, marking a significant departure from prior statements suggesting Ukraine might need to surrender land for peace.
He asserted that Ukraine, with backing from the European Union, is positioned to fight and win to restore its original borders.Banner

Trump commented on Russia’s military and economic struggles, suggesting that their prolonged conflict highlights a lack of real military strength.

His emphasis on Ukraine’s potential victory represents a notable change in his approach to the ongoing war.

Foreign Policy Shift

This statement reflects the ongoing concerns among Ukraine and NATO allies regarding Trump’s stance towards Russian President Vladimir Putin.

Amid uncertainty, allies are apprehensive about how Trump’s evolving position could influence diplomatic relations and efforts to resolve the conflict.


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