Lai Ching-te of Taiwan’s ruling Democratic Progressive Party (DPP) has been elected as the self-governing island’s new leader following Saturday’s presidential election. Lai, who entered the election as Taiwan’s vice president, claimed victory after the candidate representing the island’s main opposition party, Hou Yu-ih, conceded defeat. The DPP, which was seeking a third term in power,... 

A war over Taiwan between the United States and China could cost an unimaginable $10 trillion, equal to about 10 percent of the global GDP, dwarfing the impact of the Wuhan coronavirus (COVID-19) pandemic and the 2008 Global Financial Crisis. This is according to an analysis conducted by Bloomberg Economics, which noted that both the Global Financial Crisis and the 2019 pandemic only affected global...