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Taiwan asks South Korea for help over Chinese ship after subsea cable damaged

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan has asked South Korea for assistance investigating a Chinese-owned ship suspected of cutting a subsea cable off its northern coast on Friday. Taiwan telecoms operator Chunghwa Telecom and the Taiwan Coast Guard said on … Read more

Taiwan blocks Uber’s $950 million Foodpanda deal over competition concerns By Reuters

(Reuters) -Taiwan has blocked Uber Technologies (NYSE:)’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on Wednesday. Uber and Foodpanda did not immediately respond to requests for comment outside regular business hours. Delivery Hero said in a statement Uber … Read more

Taiwan trumps Hong Kong to become Asia’s best-performing stock market in 2024

A Nvidia chip during the Taipei Computex expo in Taipei, Taiwan, on May 29, 2023.  Bloomberg | Bloomberg | Getty Images Asia-Pacific stocks had a good run in 2024, with most major markets ending the year in positive territory, as the region’s central banks eased monetary policy while an AI boom lifted tech stocks. Taiwan’s … Read more

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