Author: Press Room

The number of companies in Taiwan saying they’re experiencing business disruptions due to rising tensions between Taipei and Beijing has almost doubled, according to the American Chamber of Commerce in Taiwan. An annual survey, which polled 214 member firms in Taiwan, showed that the number of companies reporting “significant disruption” rose from 17% to 33% between August and December 2022, the chamber said Tuesday. Last August, then-US House Speaker Nancy Pelosi visited Taipei, and China stepped up military drills in response. China’s ruling Communist Party has increasingly exerted its territorial claims over democratic Taiwan, a self-governing island, despite having never…

The Nets agreed to trade superstar Kevin Durant to the Phoenix Suns in a seismic blockbuster that will reshape the power structure in the NBA — and send Brooklyn back into a rebuild. The news was first reported by ESPN, and has been confirmed by The Post. The Nets also are sending veteran forward T.J. Warren to the Suns, and receiving Mikal Bridges, Cam Johnson, Jae Crowder, four first-round picks and a 2028 pick swap. They’ll get unprotected picks in 2023, 2025, 2027 and 2029. After James Harden had engineered a trade to Philadelphia at last year’s trade deadline and…

Liberal MP Alan Tudge has announced his resignation from parliament, saying he has not taken the decision lightly.“It’s not been an easy decision for me, but it is necessary for my health and for my family, amongst other reasons,” Mr Tudge said. “While this profession can be unforgiving at times, serving as a member of parliament though has been one of the greatest honours of my life.” Source: Sky News

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021.Arnd Wiegmann | ReutersCredit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs ($1.51 billion), as it continues with its huge strategic overhaul.The quarterly result was worse than analyst projections of a net loss attributable to shareholders of 1.32 billion Swiss francs, and took the embattled Swiss lender’s full-year loss to 7.3 billion Swiss francs.Under pressure from investors, Credit Suisse in October announced a plan to simplify and transform its business in an effort to return to stable profitability…

If you want to know what the next big fat techo-financial fad is, just look at the 150 per cent jump of BuzzFeed’s stock when the listicle-monger said that “AI inspired content” would become “part of our core business”. This is like manna from the sky for the venture capital industry, which desperately needs to find a new The Current Thing to get excited about — and, more importantly, excite their exit strategies investors.At the height of the market frenzy in 2021, VC firms smashed every record by exiting $730bn across nearly 1,000 unicorns, allowing venture funds to raise another…

ASPI Senior Defence Analyst Malcolm Davis says Australia must recognise that the balloon spotted over the United States was gathering signals and electronic intelligence.“If the Chinese floated one of these balloons across Pine Gap, for example, which will be a logical target for them,” he told Sky News Australia.“Then they will do the same thing, gather signals and then electronic intelligence.“So at a certain point, the Australian government would need to decide as the US government did, just shoot it down.” Source: Sky News

CNN  —  At least two Philadelphia high school students are facing disciplinary action after a racist video recorded outside of school surfaced on social media showing one girl spraying black paint on another girl’s face as they made racist comments a week into Black History Month. Two of the girls in the video that began circulating online on Tuesday attend Saint Hubert Catholic High School for Girls, according to Kenneth A. Gavin, the chief communications officer for the Archdiocese of Philadelphia. A third girl in the video is not a student there, he said. “We will not disclose finite details…

Sky News Political Editor Andrew Clennell says lobsters are likely to hit Chinese tables again as they are about to “lift its ban” on the purchase of Australian lobster.“This news comes after trade minister Don Farrell had a video conference meeting this week with his Chinese counterpart,” Mr Clennell said. Source: Sky News

John Fetterman greets supporters as he declares victory on Nov. 9, 2022 in Pittsburgh.Joe Lamberti | The Washington Post | Getty ImagesSen. John Fetterman was hospitalized Wednesday after feeling lightheaded, his staff said.”Initial tests did not show evidence of a new stroke,” said Joe Calvello, the communications director for the Pennsylvania Democrat.The senator, who had a stroke in May that compromised his speech processing capabilities for months, began to feel lightheaded after a lawmakers’ retreat and was taken by members of his staff to George Washington University Hospital, according to the Calvello.Fetterman, 53, will remain there overnight as doctors run additional tests.”He…

CNN  —  Sen. John Fetterman is being kept overnight in a Washington, DC, hospital “for observation,” after being admitted earlier Wednesday after feeling lightheaded, his office said in a statement. The Pennsylvania Democrat was elected to the Senate in November while recovering from a stroke he had suffered in May. According to his spokesperson, there was no evidence of a new stroke Wednesday, but he was set to undergo more tests during his hospital stay. “Towards the end of the Senate Democratic retreat today, Senator John Fetterman began feeling lightheaded. He left and called his staff, who picked him up…