Ethan Zhao
Senior Reporter
The Latest
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Japan Issues First 'Megaquake' Warning Following 7.1-Magnitude Earthquake
Japan issued its first-ever warning about the potential for a "megaquake" after a powerful 7.1-magnitude earthquake struck off its southern coast on Thursday. The temblor, which hit the coast of Miyazaki Prefecture on the main island of Kyushu at 4:42 p.m. local time, triggered a tsunami advisory and sparked immediate emergency responses across the region. 
Japan issued its first-ever warning about the potential for a "megaquake" after a powerful 7.1-magnitude earthquake struck off its southern coast on Thursday. The temblor, which hit the coast of Miyazaki Prefecture on the main island of Kyushu at 4:42 p.m. local time, triggered a tsunami advisory and sparked immediate emergency responses across the region. -
Global Consumer Giants Seek Growth in China, Sports Brands Shine
China has become a battleground for global consumer giants, with mixed results in their Q2 earnings reports, highlighting the remarkable performance of sports brands. 
China has become a battleground for global consumer giants, with mixed results in their Q2 earnings reports, highlighting the remarkable performance of sports brands. -
Evergrande Seeks to Recover $6 Billion from Founder and Former Executives
China Evergrande Group has announced that its liquidators are seeking to recover approximately $6 billion from seven defendants, including the company's founder Hui Ka Yan and several former top executives. This move comes amidst Evergrande's ongoing efforts to navigate one of the largest liquidation cases in China's history, stemming from its massive $300 billion in liabilities. 
China Evergrande Group has announced that its liquidators are seeking to recover approximately $6 billion from seven defendants, including the company's founder Hui Ka Yan and several former top executives. This move comes amidst Evergrande's ongoing efforts to navigate one of the largest liquidation cases in China's history, stemming from its massive $300 billion in liabilities. -
Taiwan Stock Market Plummets 8.4% Amid Tech Sector Concerns
The Taiwan stock market experienced its worst one-day decline in history on Monday, plunging 8.4% as fears over the U.S. economy and the broader tech sector sparked a massive sell-off. The Taiex, Taiwan's weighted index, shed 1,807.21 points to close at 19,830.88, marking its lowest level since April 23. This dramatic fall was led by a significant drop in technology stocks, particularly Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker. 
The Taiwan stock market experienced its worst one-day decline in history on Monday, plunging 8.4% as fears over the U.S. economy and the broader tech sector sparked a massive sell-off. The Taiex, Taiwan's weighted index, shed 1,807.21 points to close at 19,830.88, marking its lowest level since April 23. This dramatic fall was led by a significant drop in technology stocks, particularly Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker. -
Apple Presses Tencent and ByteDance to Close Payment Loopholes Amid Global Scrutiny
Apple Inc. (NASDAQ: AAPL) is intensifying its efforts to enforce its App Store commission policies on major Chinese tech companies Tencent Holdings Ltd. (OTCPK: TCEHY) and ByteDance Ltd. (BDNCE). The tech giant has reportedly pressured both companies to close loopholes in their popular apps that allow users to bypass Apple's 30% commission on in-app purchases. 
Apple Inc. (NASDAQ: AAPL) is intensifying its efforts to enforce its App Store commission policies on major Chinese tech companies Tencent Holdings Ltd. (OTCPK: TCEHY) and ByteDance Ltd. (BDNCE). The tech giant has reportedly pressured both companies to close loopholes in their popular apps that allow users to bypass Apple's 30% commission on in-app purchases. -
Typhoon Gaemi Devastates Central China, Leaving 30 Dead and 35 Missing
The remnants of Typhoon Gaemi have left a trail of destruction in central China's Hunan Province, with the city of Zixing bearing the brunt of the catastrophe. As of Thursday noon, local authorities confirmed that 30 people have died and 35 others remain missing in the wake of typhoon-induced intense rains that lashed the region. 
The remnants of Typhoon Gaemi have left a trail of destruction in central China's Hunan Province, with the city of Zixing bearing the brunt of the catastrophe. As of Thursday noon, local authorities confirmed that 30 people have died and 35 others remain missing in the wake of typhoon-induced intense rains that lashed the region. -
U.S. Navy's Advanced Submarine to Strengthen Pacific Presence Amid Rising Tensions with China
In a strategic move to counter China's growing naval capabilities, the United States is set to enhance its submarine force at a key military hub in the Western Pacific. The Virginia-class submarine USS Minnesota will be relocated from Hawaii to Guam at the beginning of the new fiscal year on October 1, as confirmed by Lt. Cmdr. Rick Moore, spokesperson for the U.S. Pacific Fleet commander's principal adviser on submarine affairs. 
In a strategic move to counter China's growing naval capabilities, the United States is set to enhance its submarine force at a key military hub in the Western Pacific. The Virginia-class submarine USS Minnesota will be relocated from Hawaii to Guam at the beginning of the new fiscal year on October 1, as confirmed by Lt. Cmdr. Rick Moore, spokesperson for the U.S. Pacific Fleet commander's principal adviser on submarine affairs. -
Record Number of Chinese Migrants Cross U.S.-Mexico Border Amid Rising Concerns
In a significant shift in migration patterns, over 55,000 Chinese migrants have illegally crossed the U.S.-Mexico border in the past 18 months, a sharp increase from the 3,813 reported in 2022. This unprecedented influx has raised alarms among U.S. authorities about a potential larger wave, considering China's vast population and the challenges of deporting these migrants. 
In a significant shift in migration patterns, over 55,000 Chinese migrants have illegally crossed the U.S.-Mexico border in the past 18 months, a sharp increase from the 3,813 reported in 2022. This unprecedented influx has raised alarms among U.S. authorities about a potential larger wave, considering China's vast population and the challenges of deporting these migrants. -
U.S. Plans New Rule on Foreign Chip Equipment Exports to China, Exempting Key Allies
The Biden administration is poised to introduce a new rule next month aimed at expanding U.S. powers to restrict semiconductor manufacturing equipment exports to China. However, key allies such as Japan, the Netherlands, and South Korea will be exempt from these restrictions, sources familiar with the matter revealed. 
The Biden administration is poised to introduce a new rule next month aimed at expanding U.S. powers to restrict semiconductor manufacturing equipment exports to China. However, key allies such as Japan, the Netherlands, and South Korea will be exempt from these restrictions, sources familiar with the matter revealed. -
Italy's Meloni and China's Xi Discuss Global Tensions, Pledge to Bolster Economic Cooperation
Italian Prime Minister Giorgia Meloni and Chinese President Xi Jinping convened in Beijing on Monday to address pressing international issues, including the war in Ukraine and the escalating crisis in the Middle East. The meeting, held at Beijing's Diaoyutai State Guesthouse, underscored the importance of China as a strategic partner for Italy, particularly as the nation grapples with rising global insecurity. 
Italian Prime Minister Giorgia Meloni and Chinese President Xi Jinping convened in Beijing on Monday to address pressing international issues, including the war in Ukraine and the escalating crisis in the Middle East. The meeting, held at Beijing's Diaoyutai State Guesthouse, underscored the importance of China as a strategic partner for Italy, particularly as the nation grapples with rising global insecurity.
