🔥 Top Stories
US President Trump departed for China this afternoon to meet with Chinese President Xi Jinping. Before leaving the White House, Trump told media that both sides are looking forward to the meeting and stated that "many good things will happen." The Trump-Xi meeting has drawn international attention, with expectations that it will address long-standing US-China issues.
Dr. Cheng Wen-fang, a prominent obstetrician-gynecologist formerly at National Taiwan University Hospital, was convicted of drugging and sexually assaulting three female business professionals between 2020 and 2021. After fleeing to Canada in 2021, he was arrested and extradited back to Taiwan in October 2023. Taipei District Court issued its verdict yesterday, and the Ministry of Health and Welfare announced the revocation of his medical license and suspension of practice.
Chen Tai-yin, a retired sergeant first class from the Army's Sixth Army Corps, was recruited by Chinese intelligence operatives to solicit active-duty Captain Li Jun-da to photograph unpublished professional officer training materials. The documents were transmitted via WeChat to Chinese intelligence handlers in exchange for over 70,000 yuan. The Taipei District Prosecutors Office indicted both individuals on charges of violating the National Security Act and the Anti-Corruption Act.
The US April Consumer Price Index (CPI) showed significant increases in both headline and core measures, exceeding forecasts. Rising energy prices are driving inflation and spreading to other sectors, while real wages have turned negative. Economists note that inflationary pressures are becoming increasingly apparent. Despite the Federal Reserve's upcoming leadership transition to dovish Chair Powell, the probability of rate cuts within the next six months has diminished considerably.
Russia announced a successful test of its new Sarmat intercontinental ballistic missile capable of carrying nuclear warheads. President Putin stated that Russia will deploy the missile system by year-end. The announcement highlights Russia's military modernization efforts and has drawn international attention regarding strategic weapons development.
🏛 Politics
US President Trump departed for China this afternoon to meet with Chinese President Xi Jinping. Before leaving the White House, Trump told media that both sides are looking forward to the meeting and stated that "many good things will happen." The Trump-Xi meeting has drawn international attention, with expectations that it will address long-standing US-China issues.
Dr. Cheng Wen-fang, a prominent obstetrician-gynecologist formerly at National Taiwan University Hospital, was convicted of drugging and sexually assaulting three female business professionals between 2020 and 2021. After fleeing to Canada in 2021, he was arrested and extradited back to Taiwan in October 2023. Taipei District Court issued its verdict yesterday, and the Ministry of Health and Welfare announced the revocation of his medical license and suspension of practice.
Chen Tai-yin, a retired sergeant first class from the Army's Sixth Army Corps, was recruited by Chinese intelligence operatives to solicit active-duty Captain Li Jun-da to photograph unpublished professional officer training materials. The documents were transmitted via WeChat to Chinese intelligence handlers in exchange for over 70,000 yuan. The Taipei District Prosecutors Office indicted both individuals on charges of violating the National Security Act and the Anti-Corruption Act.
US President Trump will visit China from March 13-15 for talks with President Xi Jinping. Trump confirmed Taiwan will be a discussion topic, including US military sales to Taiwan. Trump stated he does not believe Xi will attack Taiwan and noted Taiwan has support from Japan and other nations. Bipartisan senators are urging Trump to make clear to Beijing that US support for Taiwan is non-negotiable.
An investigator from the Taoyuan District Prosecutors Office discovered that an official from the Investigation Bureau's Taoyuan branch wrote software for gambling operations to earn approximately 300,000 NT dollars. The case was uncovered during the investigation of a procurement fraud case involving the Taoyuan Police Department. The official has been detained.
President Lai Ching-te announced that the three-shift nurse-to-patient ratio law will be phased in starting May 20, 2027. The decision addresses nursing groups' demands, though the Ministry of Health and Welfare had proposed delaying implementation to May 2028 due to staffing concerns. The new regulation aims to reduce nurses' workload and improve healthcare quality and patient safety.
Ahead of President Trump's Beijing visit, Chinese Ambassador to the US Xie Feng stated in an exclusive interview that Taiwan is an inseparable part of China. He emphasized China's opposition to official interactions and military purchases between the US and Taiwan, characterizing this as a natural position. The remarks highlight ongoing differences between the two nations on Taiwan.
Russia announced a successful test of its new Sarmat intercontinental ballistic missile capable of carrying nuclear warheads. President Putin stated that Russia will deploy the missile system by year-end. The announcement highlights Russia's military modernization efforts and has drawn international attention regarding strategic weapons development.
US President Trump is scheduled to meet Chinese President Xi Jinping in Beijing on Thursday and Friday this week. The summit addresses US-China trade tensions, Iran situation, Taiwan strait stability, and supply chain issues. Analysts view this as the highest geopolitical risk bilateral meeting of the year. While major breakthroughs are not expected in the short term, the discussions could significantly impact global markets.
💰 Finance
The Financial Supervisory Commission imposed a record-high fine of 32 million New Taiwan dollars on Taiwan Taichung Commercial Bank for inadequate internal controls in deposit account opening, customer identification review, and account monitoring mechanisms. The violations breached banking regulations and contributed to fraud-related money laundering activities. The FSC ordered the bank to engage external institutions for improvements within one month.
Following four years of consultation and technical discussions, Taiwan's Ministry of Agriculture announced a new export plan with New Zealand. Taiwan's phalaenopsis and anthurium cut flowers are now approved for export to New Zealand, expanding market opportunities for Taiwan's floriculture industry.
Japan's Finance Minister Katayama Sakaki and US Treasury Secretary Bessent met in Tokyo, with the US expressing full understanding of Japan's recent measures to address yen volatility. Market analysts interpret this as tacit US approval of Japan's suspected intervention to support the yen, easing political pressure on Tokyo's currency market actions.
Disrupted by the Iran conflict's impact on global supply chains, Japanese cosmetics giant Shiseido announced plans to reformulate products using plant-derived ingredients to replace petroleum-based raw materials. The company will simultaneously close its manufacturing facility in Hsinchu, Taiwan, and relocate production back to Japan to address supply chain vulnerabilities and geopolitical risks.
Multiple indicators reflecting supply chain pressure have surged in recent months due to the energy crisis, previously spiking during the COVID-19 pandemic. While current levels remain below pandemic peaks, global trade disruptions caused by the Iran conflict show similarities to the pandemic period, indicating renewed supply chain pressures and challenges.
Intel's stock price has surged 214% since hitting a low point on March 30, with market capitalization expanding by over $44 billion in six weeks. According to S3 Partners data, short sellers have accumulated paper losses exceeding $12 billion. Despite the strong rally, Intel's short interest ratio remains near 52-week highs, indicating continued bearish sentiment among some market participants.
The US April Consumer Price Index (CPI) showed significant increases in both headline and core measures, exceeding forecasts. Rising energy prices are driving inflation and spreading to other sectors, while real wages have turned negative. Economists note that inflationary pressures are becoming increasingly apparent. Despite the Federal Reserve's upcoming leadership transition to dovish Chair Powell, the probability of rate cuts within the next six months has diminished considerably.
US chip stocks fell sharply on the 12th as profit-taking accelerated following higher-than-expected April inflation data and rising oil prices amid Iran tensions. Qualcomm plunged over 13%, marking its largest single-day decline since 2020. Intel dropped 11%, while ON Semiconductor and Skyworks Solutions fell over 7%. The semiconductor ETF declined nearly 7%, reflecting broad sector weakness.
The U.S. Senate confirmed Kevin Warsh as Federal Reserve governor with a 51-45 vote, securing a 14-year term. The Senate simultaneously initiated confirmation proceedings for Warsh's nomination as Fed chair, with a final vote expected as early as Wednesday. Current Chair Jerome Powell's term ends Friday. The vote largely split along party lines, with only Democratic Senator John Fetterman supporting Warsh.
South Korea's stock market plummeted over 5% on the 12th after approaching the 8,000-point threshold. Beyond geopolitical tensions and profit-taking by investors, a proposal from the president's core staff to implement AI profit-sharing sparked market concerns about potential taxation policies, significantly worsening the market sentiment and stock decline.
💻 Technology
Finnish tech company Nokia successfully appealed in London, overturning a previous favorable ruling for Taiwanese tech giants Acer and Asus in the High Court. The case involves a global dispute over video encoding technology patents. Nokia's appeal victory effectively halts the patent litigation progress initiated by the Taiwanese companies, with implications for patent rights determination in the technology sector.
According to the Wall Street Journal, Google is negotiating with SpaceX on rocket launch cooperation to deploy data center equipment into orbit as part of its next-generation space computing infrastructure. Google is simultaneously discussing collaboration possibilities with other rocket launch providers, demonstrating its commitment to advancing orbital data center initiatives. This reflects the surging demand for AI computing resources, transforming space data centers from science fiction concepts into commercial competition.
Google announced at the I/O event an expansion of Android's Quick Share feature, opening it to third-party app integration for the first time. The update enables more Android devices to be compatible with Apple's AirDrop, enhancing cross-device file transfer experience between Android and iOS users.
Google held "The Android Show" a week before I/O 2026, revealing major Android ecosystem updates. Key announcements include Gemini intelligence integration, introduction of a new device category called Googlebooks, and creator-focused features in Android 17. The event served as a preview ahead of Google's annual developer conference.
SEGA has adjusted its long-term strategy by reassigning more than 100 developers to core IP teams including Sonic, Yakuza, and Persona. While these flagship franchises maintain stable performance, the company's efforts in live-service and free-to-play gaming have underperformed, raising questions about potential changes to its major online game initiatives.
🌏 International
US President Trump departed for China this afternoon to meet with Chinese President Xi Jinping. Before leaving the White House, Trump told media that both sides are looking forward to the meeting and stated that "many good things will happen." The Trump-Xi meeting has drawn international attention, with expectations that it will address long-standing US-China issues.
Dr. Cheng Wen-fang, a prominent obstetrician-gynecologist formerly at National Taiwan University Hospital, was convicted of drugging and sexually assaulting three female business professionals between 2020 and 2021. After fleeing to Canada in 2021, he was arrested and extradited back to Taiwan in October 2023. Taipei District Court issued its verdict yesterday, and the Ministry of Health and Welfare announced the revocation of his medical license and suspension of practice.
Chen Tai-yin, a retired sergeant first class from the Army's Sixth Army Corps, was recruited by Chinese intelligence operatives to solicit active-duty Captain Li Jun-da to photograph unpublished professional officer training materials. The documents were transmitted via WeChat to Chinese intelligence handlers in exchange for over 70,000 yuan. The Taipei District Prosecutors Office indicted both individuals on charges of violating the National Security Act and the Anti-Corruption Act.
The US April Consumer Price Index (CPI) showed significant increases in both headline and core measures, exceeding forecasts. Rising energy prices are driving inflation and spreading to other sectors, while real wages have turned negative. Economists note that inflationary pressures are becoming increasingly apparent. Despite the Federal Reserve's upcoming leadership transition to dovish Chair Powell, the probability of rate cuts within the next six months has diminished considerably.
Russia announced a successful test of its new Sarmat intercontinental ballistic missile capable of carrying nuclear warheads. President Putin stated that Russia will deploy the missile system by year-end. The announcement highlights Russia's military modernization efforts and has drawn international attention regarding strategic weapons development.
Taiwan's National Cybersecurity Research Center discovered an internal security breach where employees allegedly installed malware to collect classified documents and upload them to cloud storage for unauthorized access. Investigators suspect former research center deputy director Hsu Shih-chang directed the operation. The Taipei District Prosecutors Office ordered the Investigation Bureau to question Hsu on March 12th regarding alleged computer misuse violations.
The U.S. Senate confirmed Kevin Warsh as Federal Reserve governor with a 51-45 vote, securing a 14-year term. The Senate simultaneously initiated confirmation proceedings for Warsh's nomination as Fed chair, with a final vote expected as early as Wednesday. Current Chair Jerome Powell's term ends Friday. The vote largely split along party lines, with only Democratic Senator John Fetterman supporting Warsh.
US President Trump is scheduled to meet Chinese President Xi Jinping in Beijing on Thursday and Friday this week. The summit addresses US-China trade tensions, Iran situation, Taiwan strait stability, and supply chain issues. Analysts view this as the highest geopolitical risk bilateral meeting of the year. While major breakthroughs are not expected in the short term, the discussions could significantly impact global markets.
US President Trump departed for China on the morning of the 13th, with plans to hold a summit with Chinese President Xi Jinping on the 14th. The talks are expected to focus on economic and trade issues, the Taiwan question, and the Iran situation. Key attention is on what positions and agreements may emerge from these discussions between the two leaders.
US Defense Secretary Pete Hegseth became the first American defense chief in decades to accompany a sitting president on a state visit to China. Hegseth boarded Air Force One with President Donald Trump on Tuesday afternoon bound for Beijing, marking a departure from long-established diplomatic practice. Trump is scheduled to hold bilateral talks with Chinese President Xi Jinping on Thursday and Friday.
US President Donald Trump departed for China on Tuesday, scheduled to arrive in Beijing on Wednesday evening for a two-day summit with Chinese President Xi Jinping. This marks Trump's first visit to China since 2017 and aims to stabilize relations between the world's two largest economies. Despite significant disagreements over trade, Taiwan, and global security issues, both sides hope the talks will help stabilize bilateral ties.
Russia conducted a test launch of a new intercontinental ballistic missile on Tuesday as part of its nuclear force modernization program. President Putin announced that the Sarmat missile will enter combat service by year-end, replacing the aging Soviet-era Voyevoda. Putin claimed it is the world's most powerful missile. The test occurred days after Putin stated that fighting in Ukraine is nearing conclusion.
The US Senate voted 51-45 to confirm Kevin Warsh as a governor on the Federal Reserve Board for a 14-year term. Warsh will assume the role of Federal Reserve chair later this week, succeeding incumbent Jerome Powell. The confirmation comes as the world's largest economy faces inflation at a three-year high. The Senate will hold a separate vote to confirm Warsh's appointment as chair.
The Financial Supervisory Commission imposed a record-high fine of 32 million New Taiwan dollars on Taiwan Taichung Commercial Bank for inadequate internal controls in deposit account opening, customer identification review, and account monitoring mechanisms. The violations breached banking regulations and contributed to fraud-related money laundering activities. The FSC ordered the bank to engage external institutions for improvements within one month.
US President Trump will visit China from March 13-15 for talks with President Xi Jinping. Trump confirmed Taiwan will be a discussion topic, including US military sales to Taiwan. Trump stated he does not believe Xi will attack Taiwan and noted Taiwan has support from Japan and other nations. Bipartisan senators are urging Trump to make clear to Beijing that US support for Taiwan is non-negotiable.