Taiwan military is standing on high alert in the wake of joint military drills by the Chinese People's Liberation Army in the Taiwan Strait and around Taiwan.
The drills, involving warships and fighter jets, is a warning to those advocating for Taiwan's independence, Beijing says in apparent reference to Taiwanese President William Lai's annual address last week, in which he said the self-ruled island will strongly defend against China's efforts of annexation.
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Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.