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  • News
    The Canadian Press

    Biden: US would intervene militarily if China invades Taiwan

    TOKYO (AP) — President Joe Biden said Monday that the U.S. would intervene militarily if China were to invade Taiwan, in one of the most forceful and overt statements in support of Taiwan in decades. Biden said the burden to protect the self-ruled island was “even stronger” after Russia's invasion of Ukraine. Speaking at a news conference in Tokyo, Biden said, “That’s the commitment we made.” He said an effort by China to use force against Taiwan would “just not be appropriate," saying it “will

  • Entertainment
    The Canadian Press

    ‘Doctor Strange' remains atop box office as 'Top Gun' looms

    LOS ANGELES (AP) — Doctor Strange and his multiverse got to linger a little longer atop the weekend box office as Tom Cruise and “Top Gun” wait in the wings. Marvel's “Doctor Strange in the Multiverse of Madness” was the top-earning film of the weekend for the third straight week, bringing in $31.6 million in 4,534 North American theaters, according to studio estimates released Sunday. “Downton Abbey: A New Era” made a strong opening showing for Focus Features with $16 million from 3,820 theater

  • News
    Reuters

    Indonesia set to resume palm oil exports but policy uncertainty persists

    Indonesia is due to resume exports of palm oil on Monday after a ban of more than three weeks, but industry traders and companies were awaiting details on accompanying rules to secure domestic supplies of the edible oil to control cooking oil prices. The Southeast Asian country, the world's biggest palm oil producer, halted exports of palm oil from April 28 in an attempt to bring down soaring local prices of cooking oil, rattling global edible oil markets already struggling with sunflower oil supply shortages due to the war in Ukraine. President Joko Widodo announced the lifting of the ban on exports of crude palm oil and some derivative products last week, expressing confidence that bulk cooking oil prices were heading towards a target level of 14,000 rupiah ($0.9546) per litre, even if they were currently higher in some areas.

  • Business
    Bloomberg

    Tencent Billionaire Airs Frustration During China’s Slowdown

    (Bloomberg) -- Tencent Holdings Ltd.’s billionaire co-founder Pony Ma shared a viral opinion piece on the economic costs of China’s strict Covid Zero measures, in a rare show of frustration after his company struggled to grow during the first quarter.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsBroadcom in Talks to Acquire Cloud Company VMwareHow an Energy Expert Triggered Vladimir Putin With One WordSto