Bloomberg Taiwan’s exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy’s leadership status in a global semiconductor industry that has been roiled by US-China tensions and diversifying supply chains. Exports of IC chips — which are pivotal components of electronic appliances, computers and smartphones — rose 18.4% from a year earlier, ...

  Bloomberg Philippine President Ferdinand Marcos Jr. said he sees inflation that’s at a 14-year high easing as the government aims to boost agricultural output. “Inflation is high, so we’ll have to bring that down for the rest of the year, and I think it will,” Marcos said, according to a transcript of his media interview in Davos on Sunday. ...

  Bloomberg Didi Global Inc. has secured the green light to resume signing up new users, suggesting the worst is over for a ride-hailing giant that symbolized Beijing’s bruising campaign to rein in its powerful internet industry. The widely anticipated decision is one of the clearest signs yet that Xi Jinping’s administration, keen to jumpstart an economy that’s sagged under ...

Bloomberg Japanese Prime Minister Fumio Kishida is looking beyond his country’s alliance with the US to deter China, bolstering security ties with democracies from Australia to Europe. On his tour of Group of Seven countries last week, which came after the biggest overhaul of Japan’s security policy since World War II, Kishida told French President Emmanuel Macron that the security ...

  Bloomberg Japan and India held their first joint air drills in an area outside of Tokyo as both countries step up military exercises with other countries amid worries about China’s assertiveness. About four F-2 and four F-15 fighters are expected to take part in the drills that started Monday and will run through around Jan. 26 at an airbase ...

Bloomberg Six months since Turkey agreed to Nato allies inviting Sweden and Finland to join the alliance, the expansion has stalled as Ankara holds out on ratifying the applications. Fresh tensions flared last week after protesters in Stockholm affiliated with Kurdish movements hanged an effigy of President Recep Tayyip Erdogan, prompting Turkey to put yet more pressure on Sweden to ...

Bloomberg German Defense Minister Christine Lambrecht stepped down following a series of missteps and days of speculation over her future, a blow to Chancellor Olaf Scholz’s government as it weighs crucial decisions on arming Ukraine. Lambrecht asked to be relieved of her cabinet post, blaming intense media reporting as an unacceptable distraction, and Scholz accepted the request and respects the ...

  Bloomberg The UK and European Union pledged to continue working toward a post-Brexit deal for Northern Ireland, but stopped short of formally announcing an intense final phase of negotiations. Foreign Secretary James Cleverly and European Commission Vice-President Maros Sefcovic said in a joint statement Monday that they need to find “solutions together to tackle comprehensively the real-life concerns of ...

  Bloomberg China’s central bank added less cash than expected into the banking system via policy loans while keeping the rate unchanged this month even with funding demand on the rise into Lunar New Year holidays. The People’s Bank of China (PBOC) injected a net 79 billion yuan ($11.8 billion) via its one-year medium-term lending facility this month, less than the ...

  Bloomberg UBS Group AG doesn’t plan acquisitions in the US “in the foreseeable future” and has no intention to buy Credit Suisse Group AG, the bank’s chairman Colm Kelleher told Swiss newspaper Neue Zuercher Zeitung. UBS hasn’t yet realised its full potential in the US, Kelleher said in an interview. “We need to get our wealth management business up ...