Taiwan blocks Foodpanda’s $950 million deal with Uber over competition concerns – Trendy Blogger

Taiwan blocks Foodpanda’s 0 million deal with Uber over competition concerns

 – Trendy Blogger

Taiwan’s Fair Trade Commission (FTC) has blocked Uber Technologies’ $950 million purchase of the island’s Delivery Hero subsidiary Foodpanda, citing competition concerns. The Federal Trade Commission announced the decision on Wednesday, stating that the deal would hurt competition in the market by eliminating rivalry between Taiwan’s main food delivery competitors, UberEats and Foodpanda. The merger … Read more

China conducts military exercises near Taiwan amid growing tensions over sovereignty remarks Trendy Blogger

China conducts military exercises near Taiwan amid growing tensions over sovereignty remarks

 Trendy Blogger

China escalated tensions with Taiwan by launching military exercises on Monday (October 14), deploying ships, planes and other military assets around the island. The move, known as “Operation Joint Sword 24B,” comes shortly after Taiwan’s National Day celebrations. The exercises involved China’s People’s Liberation Army (PLA) testing various strategic capabilities, including port blockades and assaults … Read more