Taiwan, China and recall
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Taiwan's unprecedented mass recall targeting 24 opposition lawmakers from a China-friendly party suffered a setback on Saturday, as all managed to retain their seats. The outcome suggests that, with the opposition still controlling the legislature,
Even though Coca-Cola was sold in both Japan and China before World War II, there’s no evidence of it entering the Taiwanese market. Tseng writes that the only mention of the drink was from a letter in 1911 noting the US Consulate in Taiwan’s order of 10 gallons of Coca-Cola from company headquarters in Atlanta.
Japan said Saturday that the country’s newly announced $550B investment package could be used to help finance semiconductor plants in the US.
A recall campaign against 24 legislators of the Chinese Kuomintang (KMT) in Taiwan failed on Saturday, with none of the proposals receiving more votes in favor of the recall than against it, according to the local election affairs authority.
Taiwanese voters head to polls in a high-stakes recall election that could give President Lai Ching-te's party control of the parliament. Supporters of Lai's Democratic Progressive Party (DPP) are seeking to unseat 31 lawmakers belonging to the main opposition Kuomintang party,
Two companies have recently seen their stock prices head higher on optimism about the future growth in AI spending. Palantir Technologies ( PLTR 2.59%) shares are up 93% from their April low, as of this writing. Taiwan Semiconductor Manufacturing ( TSM 1.60%) is up 67% in that same period.
Saturday’s democratic showdown will test whether anti-Beijing sentiment remains defining force in island’s polarised politics.