Taiwan loses El Salvador to China in fresh diplomatic setback
BEIJING/TAIPEI (Aug 21): Taiwan lost another ally to Beijing on Tuesday when diplomatic ties with El Salvador were severed, the third country to swap allegiances from the self-ruled island to China this year.
Taiwan now has formal relations with just 17 countries worldwide, many of them smaller, less developed nations in Central America and the Pacific like Belize and Nauru.
“We are not willing to continue with the money competition with China,” Taiwan Foreign Minister Joseph Wu said at a press conference.
TOKYO: Shares of Nissan Motor Co fell 6 percent early on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan's No.2 automaker and its global alliance