Pelosi arrives in Taiwan despite warnings from China holding U.S. possible consequences

US House Speaker Nancy Pelosi arrived in Taiwan on Tuesday
despite strong warnings from the Chinese side that considers “Taiwan” part of its territory,
and the Chinese Foreign Ministry commented on this that the consequences will not be good for the Americans,
and that what happened is a clear encroachment on China,
as she described what happened as American betrayal and a clear challenge to China,
which declares the principle of “one China”,
adding also that the United States has become a threat to world peace,
and that China will not subject these moves in Taiwan from the American side.

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Pelosi’s visit to Taiwan is the first by a senior American politician in 25 years

Despite doubling revenues Uber announces new quarterly losses.

“Twitter is trying to prove Musk’s attempts to abandon the acquisition of the company.

Pelosi’s visit to Taiwan is the first by a senior American politician in 25 years

and he received Taiwanese officials and its foreign minister on the tarmac.

Pelosi stressed that the visit to Taiwan is a clear evidence of
the continued support of the United States for democracy in Taiwan,
and stated that Washington is committed to its pledge to defend Taiwan,
and that it will be confrontation with the opposition to change the current situation in Taiwan.

U.S. President Joe Biden previously said in May
that the United States would defend Taiwan against any attack from the Chinese side,
would be bolstered with weapons as it had done before
and support would remain in terms of military equipment.

US market falls after Pelosi visit confirmed

During Tuesday’s dealings, as the plane of the US Secretary of Representatives landed on Taiwan,
US stock indices fell, as a result of strings and investor warning,
where the Dow Jones fell to score 32,620 points,
the S&P 500 fell to score 4107 points,
and the Nasdaq lost 0.14% to settle at 12354.
Economist Adam says the decline of US stocks came after a period of highs,
which are just corrective moves and may be affected by geopolitical tensions.
Traders are also awaiting some earnings reports for some companies,
in addition to the non-agricultural jobs report for July next Friday,
which will clarify an important vision about the state of the economy and the labor market.
JPMorgan believes U.S. markets may ignore Pelosi’s visit as long as we don’t see any explicit response from China.

artical name Pelosi arrives in Taiwan despite warnings from China

Despite doubling revenues Uber announces new quarterly losses.

With Uber announcing its earnings report for the second quarter of 2022,
which witnessed a jump to double and achieved $ 8.1 billion,
an increase of 105% over revenues in the same period last year,
and witnessed an increase in bookings on its platform by 33% to reach 29.1 billion dollars
in the second quarter on an annual basis,
with users of the platform rising to 21% to reach 122 million users,
and at the same time the loss this year amounted to about 2.6 billion dollars compared to last year’s profits,
which was 1.14 billion dollars.

The company’s CEO confirmed that the results are good

adding that Uber adjusts its profits before interest,
taxes and depreciation beyond expectations,
and the volume of cash flows on the platform reached 382 million dollars,
at a time when the number of Uber users has now reached its highest levels,
And Uber stock witnessed a rise of more than 10% after Uber published this report.
He also added in his report that the growth rate of the American company reached 40%,
which is very good, with the number of drivers of the company reaching its peak during the second quarter,
and the balance between the number of drivers and customer demand will be improved.

He also followed the economic recession and that the company is trying to resist this situation,
and control the costs.
The “Uber Eats” food delivery application is now one of the company’s advantages,
which helps it strongly to compete.
The real success of the application was at the time of the epidemic,
and the number of reservations for restaurants and grocery stores increased,
which reached 7% from the previous year to reach 13.9 billion dollars,
with expectations of stability in reservations in the coming period.
Uber is working to increase its profit rate based in part on advertising contribution with a high profit margin.

artical name Pelosi arrives in Taiwan despite warnings from China

“Twitter is trying to prove Musk’s attempts to abandon the acquisition of the company.

After transferring the acquisition of Twitter from billionaire Elon Musk to court,
Twitter seeks to prove Musk’s manipulation and procrastination in order to abandon the $44 billion purchase,
and tries to understand why the deal was undoed in the first place.

In its quest, Twitter sent dozens of civil subpoenas to a group of international banks this week,
and it is trying to obtain any communications documents or information related to the fake Twitter accounts.

It is also trying to prove that the change in the share price of Elon Musk’s “Tesla” company,
the electric car maker, was also a reason to influence the variables regarding the acquisition deal.

The case continues its first session in October, specifically on the 17th, which extends to 5 days,
and Twitter’s goal in this lawsuit is to obtain an order to implement
the purchase transaction at the previously agreed price at $ 54.20 per share.

Elon Musk had previously stated on July 8 that he would withdraw from the purchase deal
due to Twitter’s violation of the agreement to withhold data related to fake accounts,
in addition to accusing the company of abandoning its senior officials,
but the Twitter platform’s response to this is that the matter is just a distraction
from the main purpose, which is a failure Deal.

A mysterious tweet

Businessman and billionaire Elon Musk tweeted on his Twitter account,
and the tweet read “Tesla+ Twitter = Twitter = Twizler”,
a signal to combine his company Tesla and Twitter,
and all expectations indicate Musk’s interest in the acquisition deal so far,
this is also from his strong presence on the platform

and his occasional dissemination of his future aspirations for the platform
and the ideas he is trying to apply to develop from the platform.

artical name Pelosi arrives in Taiwan despite warnings from China

Pelosi arrives in Taiwan despite warnings from China

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