Taiwan’s presidential office held a “tabletop” exercise on Thursday simulating military escalations by China, a first-of-its-kind drill involving government agencies beyond the armed forces that highlights Taipei’s urgency in ensuring preparedness against an increasingly assertive Beijing.

Taiwan's Presidential Office held its first "tabletop" exercise involving government agencies beyond the armed forces on Thursday, simulating a military escalation with China amid renewed threats from Beijing,

Taiwan’s presidential office conducted its first-ever "tabletop" exercises involving government agencies without military participation. The goal was to simulate a military escalation with China amid fresh threats from Beijing,

The Chinese government placed sanctions on seven companies on Friday in response to recent U.S. announcements of military sales and aid to Taiwan, the self-governing island that China claims as part of its territory.

China on Friday slapped sanctions on seven US companies after Washington's approval last week of a $571.3 million military aid package to Taiwan, which Beijing said infringed on its "sovereignty and territory".

Delivery Hero SE shares fell the most in two weeks in the first day of trading after Taiwan blocked the sale of its subsidiary there to Uber Technologies Inc.

Key Takeaways Regulators in Taiwan blocked Uber's $950 million purchase of online food delivery and ordering platform Foodpanda, The Wall Street Journal reported Thursday.Officials reportedly said Uber's acquisition of the Delivery Hero-owned business would be anti-competitive.