• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
China

‘China should hold its own elections’: Taiwan condemns China for responding to presidential frontrunner’s trip with ‘irrational and provocative’ military exercises

By
Linda Lew
Linda Lew
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Linda Lew
Linda Lew
and
Bloomberg
Bloomberg
Down Arrow Button Icon
August 19, 2023, 8:44 AM ET
Taiwanese Vice President Lai Ching-te greets people outside of the Hyatt Regency Hotel of Burlingame as he stops over in San Francisco on August 16, 2023.
Taiwanese Vice President Lai Ching-te greets people outside of the Hyatt Regency Hotel of Burlingame as he stops over in San Francisco on August 16, 2023.Tayfun Coskun—Anadolu Agency/Getty Images
Add Fortune on Google for similar content.

China’s military said it was sending a warning to Taiwanese separatist forces with drills around the island, days after Taiwan’s vice president passed through the US and met with American officials in Paraguay.

The joint navy and air force combat readiness exercise was a “stern warning” to those colluding with foreign forces, the People’s Liberation Army said Saturday. In a later statement the PLA said it was testing the coordination and resistance capabilities of the Eastern Theater Command troops in the north of Taiwan with “submarine detection,” “anti-submarine” and other exercises.

Taiwan’s Ministry of Foreign Affairs and the Presidential Office both condemned China’s actions, saying they constituted serious provocation and urging it to end the exercises. Lin Yu-chan, spokesperson for the office, said China shouldn’t use Taiwan leaders’ trips as an excuse for the drills because there had been precedents in the past for these types of visits and transit stopovers.

China “has made it clear it wants to shape Taiwan’s coming national election,” Taiwan’s Minister for Foreign Affairs Joseph Wu posted on X, the social media platform formerly known as Twitter. “Look, China should hold its own elections; I’m sure its people would be thrilled.”

Earlier, Taiwan’s Ministry of National Defense said it’s closely monitoring the situation and has deployed aircraft, naval vessels and land-based missile systems in response.

Tensions rose last week after Vice President Lai Ching-te, 63, stopped over in New York and San Francisco en route to and from Paraguay for a state visit to one of the few countries that still has official diplomatic ties with Taiwan. China’s Taiwan Affairs Office said on Saturday that it strongly condemned Lai and accused his Democratic Progressive Party of colluding with the US.

Taiwan’s defense agency called China’s military exercises “irrational and provocative behavior,” and said 42 PLA aircraft were detected — 26 of which crossed the strait median line — since 9 a.m. Saturday. Eight Chinese naval vessels also took part in the patrols, it said.

China has used similar rhetoric about war with Taiwan in the past, including after President Tsai Ing-wen’s stops in the US in the spring. Those travels included a visit to Los Angeles, where she met House Speaker Kevin McCarthy and other US officials and lawmakers. Beijing has also previously referred to figures in the Democratic Progressive Party — to which Tsai and Lai belong — as troublemakers.

Bloomberg News published an interview with Lai on Tuesday, in which the frontrunner to be Taiwan’s next leader talked about relations with China and with the US. Beijing slammed Lai as a “troublemaker,” whose views risk sparking a conflict.

Lai used the Bloomberg News interview to spread “Taiwan independence” rhetoric, China’s Taiwan Affairs Office said in the Saturday statement.

The heated back-and-forth signals the cross-strait relationship is set for more challenges if Lai becomes Taiwan’s next president. He has been leading polls for months and has indicated that if he wins, he’ll continue policies that Tsai has pursued since starting the first of her two terms in 2016.

    — With assistance by Jacob Gu and Cindy Wang

    About the Authors
    By Linda Lew
    See full bioRight Arrow Button Icon
    By Bloomberg
    See full bioRight Arrow Button Icon
    Add Fortune on Google for similar content.

    Latest in

    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025

    Most Popular

    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Fortune Secondary Logo
    Rankings
    • 100 Best Companies
    • Fortune 500
    • Global 500
    • Fortune 500 Europe
    • Most Powerful Women
    • World's Most Admired Companies
    • See All Rankings
    • Lists Calendar
    Sections
    • Finance
    • Fortune Crypto
    • Features
    • Leadership
    • Health
    • Commentary
    • Success
    • Retail
    • Mpw
    • Tech
    • Lifestyle
    • CEO Initiative
    • Asia
    • Politics
    • Conferences
    • Europe
    • Newsletters
    • Personal Finance
    • Environment
    • Magazine
    • Education
    Customer Support
    • Frequently Asked Questions
    • Customer Service Portal
    • Privacy Policy
    • Terms Of Use
    • Single Issues For Purchase
    • International Print
    Commercial Services
    • Advertising
    • Fortune Brand Studio
    • Fortune Analytics
    • Fortune Conferences
    • Business Development
    • Group Subscriptions
    About Us
    • About Us
    • Press Center
    • Work At Fortune
    • Terms And Conditions
    • Site Map
    • About Us
    • Press Center
    • Work At Fortune
    • Terms And Conditions
    • Site Map
    • Facebook icon
    • Twitter icon
    • LinkedIn icon
    • Instagram icon
    • Pinterest icon

    Latest in

    Nancy Pelosi’s husband could face misdemeanor charges after hit-and-run collision in Napa wine country that left one car with ‘major damage’
    PoliticsNancy Pelosi
    Nancy Pelosi’s husband could face misdemeanor charges after hit-and-run collision in Napa wine country that left one car with ‘major damage’
    By Safiyah Riddle and The Associated PressJuly 4, 2026
    46 minutes ago
    Treasury rolls out currency signed by Trump for Fourth of July
    PoliticsDonald Trump
    Treasury rolls out currency signed by Trump for Fourth of July
    By Jeff Mason and BloombergJuly 4, 2026
    1 hour ago
    Russia’s fuel crisis is so bad that a mom and her baby waited in line for 18 hours to get gas — ‘Are we in the Soviet Union?’
    EnergyRussia
    Russia’s fuel crisis is so bad that a mom and her baby waited in line for 18 hours to get gas — ‘Are we in the Soviet Union?’
    By Jason MaJuly 4, 2026
    2 hours ago
    U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower
    EconomyDebt
    U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower
    By Jason MaJuly 4, 2026
    4 hours ago
    The Taylor Swift economy: Star-studded wedding at Madison Square Garden lifts luxury brands Christian Dior, Christian Louboutin, and Cartier
    Arts & EntertainmentLuxury
    The Taylor Swift economy: Star-studded wedding at Madison Square Garden lifts luxury brands Christian Dior, Christian Louboutin, and Cartier
    By Kimberlee Kruesi, Andrew Dalton and The Associated PressJuly 4, 2026
    6 hours ago
    Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice
    InvestingStock
    Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice
    By Jason MaJuly 4, 2026
    7 hours ago

    Most Popular

    Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
    Law
    Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
    By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
    2 days ago
    Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
    Success
    Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
    By Preston ForeJuly 4, 2026
    16 hours ago
    Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
    AI
    Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
    By Nick LichtenbergJuly 3, 2026
    2 days ago
    Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
    Economy
    Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
    By Sasha RogelbergJuly 2, 2026
    2 days ago
    $25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
    Success
    $25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
    By Orianna Rosa RoyleJuly 3, 2026
    2 days ago
    Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
    Success
    Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
    By Preston ForeJune 27, 2026
    8 days ago

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.