Updated Jan. 16, 2024 4:48 am ET Apple is offering rare discounts in China, including on its latest iPhones, in a bid to beat back growing competition in the high-end market from rivals. The tech giant is running a promotion from Thursday through Sunday in China in which it is cutting the price of iPhones…
Updated Jan. 15, 2024 5:35 pm ET Stock benchmarks in two of Asia’s largest economies climbed to historic highs, while U.S. equity and bond markets were shut for Martin Luther King Day. Bank earnings and economic data later this week could give clues about the Federal Reserve’s next steps. The stock and bond markets will…
The more the U.S. government worries about China’s ambitions in the chip industry, the more equipment for making chips that China seems to buy. When ASML, the Dutch company that makes the world’s most advanced lithography machines for manufacturing microchips, reports fourth-quarter results next week, one of the most eye-catching numbers will be the share…
Taiwan has voted: bringing the independence-leaning Democratic Progressive Party an unprecedented consecutive third term in the presidency. Now the world is waiting on Beijing, which claims Taiwan but doesn’t rule it. Saturday’s DPP victory, with around 40% of the vote, could mean more scary headlines in the near-term. Another set of large-scale military exercises, similar…
Updated Jan. 15, 2024 12:03 am ET BEIJING—Boeing’s long-awaited delivery resumption of its 737 MAX jets to China faces fresh delays after the Alaska Airlines incident, as the plane maker was poised to benefit from the thaw in U.S.-China relations. China Southern Airlinesone of several Chinese carriers with undelivered MAX jets, has been readying to…
Updated Jan. 14, 2024 11:19 pm ET Taiwan’s election of the presidential candidate China most distrusts puts at risk a fragile detente between Washington and Beijing, threatening another flare-up between the world’s biggest economic and military powers. Voters on Saturday gave the Democratic Progressive Party four more years in power, this time by choosing as…
The press is full of fear and trembling after Taiwan’s people on Saturday elected as president the candidate most disliked by Beijing. How about first celebrating the island nation’s demonstration of a robust Chinese democracy? Taiwanese voters elected Vice President Lai Ching-te with 40% of the vote after a rousing three-way campaign. “In the global…
By Stephen Kalin and Saleh al-Batati Updated Jan. 13, 2024 10:27 am ET Listen to article (2 minutes) In disrupting international shipping and drawing U.S. military strikes, Yemen’s Houthi forces are trying to complete a two-decade-long transformation from a ragtag tribal insurgency into their country’s legitimate rulers. Washington and its allies say they have attacked…
Updated Jan. 13, 2024 3:14 am ET TAIPEI—Vote counting began across Taiwan on Saturday as polls closed in the race to choose a new president in an unpredictable three-way race being closely watched in Washington, Beijing and other capitals around the world. President Tsai Ing-wen, a frequent target of Beijing’s ire, is due to step…
The press is reporting that Thursday’s U.S.-British strikes against the Houthis in Yemen risk escalating the current conflict in the Middle East. That’s the wrong way to think about it. The conflict was already escalating. The question has been whether the U.S. and its allies would respond to Houthi efforts, backed by Iran, to hijack…
