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Trump to be deposed, Microsoft asks employees to cut back costs, Deliveroo losses beat estimates

Yahoo Finance's Julie Hyman breaks down leading headlines on Trump's deposition, Microsoft's cost-cutting measures, and Deliveroo quarterly results. Read More...

Reuters

China withdraws promise not to send troops to Taiwan if it takes control of island

BEIJING (Reuters) -China has withdrawn a promise not to send troops or administrators to Taiwan if it takes control of the island, an official document showed on Wednesday, signalling a decision by President Xi Jinping to grant less autonomy than previously offered. China’s white paper on its position on self-ruled Taiwan follows days of unprecedented Chinese military exercises near the island, which Beijing claims as its territory, in protest against U.S. House Speaker Nancy Pelosi’s visit last week. China had said in two previous white papers on Taiwan, in 1993 and 2000, that it “will not send troops or administrative personnel to be based in Taiwan” after achieving what Beijing terms “reunification”.

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