TSMC Evacuates Factory Areas After Taiwan Earthquake, Tsunami Warning Bloomberg Taiwan’s 7.4-Magnitude Earthquake Kills 9 and Injures Over 1000 The New York Times Dashcam captures moment cars come to a stop on highway as powerful earthquake strikes Taiwan Yahoo! Voices Dozens trapped in tunnels after Taiwan’s strongest quake in 25 years kills at least nine CNN TSMC “still assessing” … Read more
Turkey’s Recep Tayyip Erdogan is facing a shock defeat at the ballot box against the main opposition party amid rampant inflation and the highest borrowing costs since the president swept to power more than two decades ago. Erdogan’s AK Party fell behind the main opposition Republican People’s Party, known as CHP, in Sunday’s municipal elections … Read more
France is putting pressure on its defense industry to accelerate production of equipment for Ukraine, with the government threatening to impose its authority on companies it believes are too slow. “For the first time, I’m not ruling out using what the law allows,” Defense Minister Sebastien Lecornu told reporters Tuesday. “This means, if there are … Read more
Hungarian Prime Minister Viktor Orban’s administration was forced to respond after an ex-cabinet minister was caught on tape alleging that the government’s most powerful minister had meddled in a graft probe. On the recording released Tuesday, former Justice Minister Judit Varga could be heard saying that aides of Antal Rogan, Orban’s chief of staff, had … Read more
Canada, a country that’s relying heavily on immigration as an economic driver, is scaling back on its ambitions with a planned reduction in temporary residents after the influx exacerbated housing shortages. The country will set a target for temporary resident arrivals for the first time later this year, with the goal of reducing the number … Read more
Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200 mile) swathe of largely Soviet-era oil facilities. At least nine major refineries have been successfully attacked this year, currently taking offline 11% of the country’s total capacity by some estimates. As the conflict at the front … Read more
Elon Musk’s SpaceX is building a network of hundreds of spy satellites under a classified contract with a US intelligence agency, Reuters reported, citing five people familiar with the program. SpaceX’s Starshield business unit is building the network as part of a $1.8 billion contract signed in 2021 with the National Reconnaissance Office, Reuters said. … Read more
Ukraine’s allies have lined up nearly all the funding required for a Czech-led initiative to purchase hundreds of thousands of artillery rounds, according to a government official familiar with the arrangements. The commitments mean that the shells could be delivered to Ukraine in a matter of weeks, according to separate people, who spoke on the … Read more
China’s defense spending will grow by 7.2% in 2024 — the most in five years — an increase that comes amid signs corruption is undermining a military revamp. Military expenditure by the central government is expected to rise to 1.67 trillion yuan ($231 billion) this year, according to a Finance Ministry report released on Tuesday. … Read more
China’s Li Qiang will become the first premier in three decades to not hold a press briefing at the annual parliamentary meetings, removing a rare platform for investors to learn more about the nation’s policy direction as President Xi Jinping consolidates control over the world’s second-largest economy. The country’s No. 2 official won’t take questions … Read more