Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley.
Saudi Arabian Stocks Tumble as Oil, Rates Roil Mideast Equities
Hong Kong’s Lam Says Tight Border-Control Rules Untenable: SCMP
Apple Store Workers in Maryland Become First in US to Unionize
Aerojet CEO’s Board Candidates Backed by ISS in Proxy Fight
Ukraine Latest: NATO Chief and UK’s Johnson Warn of Long War
EU Drafting Legislation to Prepare for ‘Doomsday’ Protocol Legislation
America’s Top 1% Lose $1.5 Trillion on Stocks Before Bear Market
Gold Billionaire to Moonlight as DJ at Sold-Out Cairo Club
Al Sharpton Takes a Bow, With Spike, to Close Out Tribeca
Zalatoris, Fitzpatrick Survive Beast of Open to Share Lead
AI’s Hold Over Humans Is Starting to Get Stronger
Putin May Win in Ukraine, But the Real War Is Just Starting
The Fed Hasn’t Fixed Its Worst Blunder Since the 1970s
Adults Who Love Toys? The Toy Industry Loves Them, Too
ESPN’s NHL Deal Shows Broadcasters a New Way to Profit From Sports Rights
America’s Convention Center Kings Want You Wearing Lanyards Again
‘Banking While Black’ Is the Next Target for Civil Rights Lawyer
NYC Mayor Adams Allocates $6.7 Million Toward LGBTQ Social Services
A Quarter of All Abortion Clinics Would Close in US If Roe Is Overturned
A Fund Designed to Recycle Shrink-Wrap Fails to Pay Out
War Derails Plan to Ditch Coal After UK Championed Global Cuts
The Museum Seeking to Unlock a War-Hit Nation’s Mineral Wealth
Rikers Jail Replacement Plan Pits Chinatown Against New York City
Without Commuters, US Transit Agencies Are Running Out of Options
DeFi Platform MakerDAO Pauses Some Aave-Related Lending Activity
Memories of Bitcoin-Beating Returns Keep Hex Holders Hanging On
Musk Signals ‘Maybe More Down the Road’ for Dogecoin After Merch

Wealthy, democratic and strategically located off the Chinese coast, Taiwan has long been the most volatile issue between the US and China. Both sides have avoided serious conflict by leaving unsettled the question of who actually owns the island. But it’s becoming harder to avoid as China’s military ratchets up exercises near what President Xi Jinping views as his country’s lost territory. Standing in the way are the US Pacific Fleet and Taiwanese voters, who emphatically rejected closer ties with Beijing in two straight elections. The tensions are raising the stakes for US President Joe Biden’s efforts to manage a growing superpower rivalry with China.
Empires have jockeyed over Taiwan for centuries, with occupations by the Spanish, Dutch and China’s Qing Dynasty. The Qing’s loss of Taiwan to the Japanese after a humiliating military defeat in 1895 made “reunification” a rallying cry for generations of Chinese, including Xi’s. To the US and Japan, Taiwan is a vital stronghold in a string of archipelagos that they rely on to contain China and safeguard trade routes. Taiwan has thrived under American protection to become a critical supplier of semiconductors and other high-tech goods. Today, the island of 23.5 million people is also among Asia’s most vibrant democracies, a rejoinder to Communist Party arguments that Western political structures are incompatible with Chinese culture.


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