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The inauguration of Taiwan’s new president, Lai Ching-te, is more about handing over the baton than any dramatic change in policy for the island which is overshadowed by its large and powerful neighbour, China.

It’s expected Lai Ching-te (also called by his English name, William Lai) will stay the course set by his predecessor, Tsai Ing-wen.

But his first speech as the new president was closely watched in Asia for any clues about how Taiwan will handle its difficult relationship with China.

In a careful and considered address, Mr Lai urged China to “stop threatening Taiwan” and called for “peace and stability” in the Taiwan Strait.

China’s position is unequivocal – that Taiwan is part of China and “re-unification” with the mainland is inevitable.

Many on the island want to maintain its sovereignty and democracy. But the pressure is building and Taiwan knows it.

“So long as China refuses to renounce the use of force against Taiwan, all of us in Taiwan ought to understand, that even if we accept the entirety of China’s position and give up our sovereignty, China’s ambition to annex Taiwan will not simply disappear,” Mr Lai said.

Taiwan's new President Lai Ching-te and his wife Wu Mei-ju wave during the inauguration ceremony.
Pic: Reuters
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Mr Lai and his wife Wu Mei-ju wave to the crowds. Pic: Reuters

‘Taiwan is an inalienable part of China’

In Beijing today, the response was firm. Taiwan Affairs Office spokesman Chen Binhua said: “The mainland and Taiwan belong to the same China, and Taiwan is an inalienable part of China.

“Taiwan independence is incompatible with peace in the Taiwan Strait.

“Our will to resolve the Taiwan question and complete national reunification is rock-solid, our ability to safeguard national sovereignty and territorial integrity is impregnable, and our actions against ‘Taiwan independence’ and foreign interference are resolute and strong.

“We will never tolerate or condone any form of secessionist acts of ‘Taiwan independence’.”

Taiwan's new President Lai Ching-te speaks on stage during the inauguration ceremony.
Pic Reuters
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Pic: Reuters

Speech designed not to appease nor antagonise

The inauguration celebration was big on colour and big on mentioning “democracy” – Mr Lai dropped it in more than 30 times.

This was his first chance as president to promote Taiwan’s democratic and sovereign status.

Still, it was clear this was a speech designed to neither appease nor antagonise the Chinese Communist Party.

And that is exactly the difficult balancing act the Taiwanese government is faced with.

Over the last few years, Taiwan has welcomed hundreds of journalists, politicians and diplomats to the island.

The most controversial was the visit by former US House Speaker Nancy Pelosi in 2022. It caused a crisis.

Chinese missiles, ships and planes buzzed around the island for days after the trip.

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Dancers perform during an inauguration ceremony of Taiwan's President Lai Ching-te in Taipei.
Pic: AP
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Dancers perform during a colourful inauguration ceremony in Taipei. Pic: AP

Dancers perform dragon dance during an inauguration ceremony of Taiwan's President Lai Ching-te in Taipei.
Pic AP
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Pic: AP

Dancers perform during an inauguration ceremony of Taiwan's President Lai Ching-te in Taipei.
Pic: AP
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Pic: AP

Unofficial US delegation attends ceremony

The US does not have formal diplomatic ties with Taiwan, but does acknowledge a “robust unofficial relationship”.

It knows well that any high-profile visits to the island would be fiercely condemned by China.

Only an unofficial US delegation was present at the ceremony today.

These days China has a two-pronged strategy towards Taiwan. The tough approach and the softer approach – something akin to trying to win over a few hearts and minds on the way.

The tough one sees Chinese naval vessels and fighter jets operating ever closer to Taiwan, including its mountainous eastern side.

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President Lai Ching-te delivering a speech during Lai's inauguration ceremonies in TaipeI.
Pic: AP
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Pic: AP

 A woman dances in a traditional costume at the inauguration ceremony.
Pic DPA/AP
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Pic: DPA/AP

Taiwan's new President Lai Ching-te and new Vice President Hsiao Bi-khim take part in the inauguration ceremony.
Pic Reuters
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Mr Lai’s address to the crowds was careful and considered. Pic: Reuters

China peeling away states that recognise Taiwan

Diplomatically, China has been gradually peeling away the handful of tiny island countries and micro-states in the Pacific and Caribbean who recognise Taiwan, enticing them with trade and investment to switch sides.

But on the other side, China is encouraging Taiwanese investment, making it easier for them to buy property, study and work on the mainland.

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Mr Lai will aim to maintain the status quo when it comes to China.

In the past, China has called him a “separatist” and “dangerous”.

He’s since modified his position urging “sovereignty” and saying nothing about independence.

On technology, Mr Lai emphasised the country’s unique status as the world’s largest manufacturer of semi-conductors and foreshadowed the island’s future in artificial intelligence.

Mr Lai said Taiwan is as “important to the world as it is to the Taiwanese people”.

His message was clear – in the great power rivalry between the West and China, Taiwan matters.

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IDF admits mistakenly identifying Gaza aid workers as threat – after video of attack showed ambulances were marked

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IDF admits mistakenly identifying Gaza aid workers as threat - after video of attack showed ambulances were marked

The IDF has admitted to mistakenly identifying a convoy of aid workers as a threat – following the emergence of a video which proved their ambulances were clearly marked when Israeli troops opened fire on them.

The bodies of 15 aid workers – including eight medics working for the Palestine Red Crescent Society (PRCS) – were found in a “mass grave” after the incident, according to the head of the UN Office for Coordination of Humanitarian Affairs Jonathan Whittall.

The Israeli military originally claimed an investigation found the vehicles did not have any headlights or emergency signals and were therefore targeted as they looked “suspicious”.

But video footage obtained by the PRCS, and verified by Sky News, showed the ambulances and a fire vehicle clearly marked with flashing red lights.

In a briefing from the IDF, they said the ambulances arrived in the Tel Sultan neighbourhood in Rafah shortly after a Hamas police vehicle drove through.

Palestinians mourn medics, who came under Israeli fire while on a rescue mission, after their bodies were recovered, according to the Red Crescent, at Nasser hospital in Khan Younis in the southern Gaza Strip March 31, 2025. REUTERS/Hatem Khaled/File Photo
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Palestinians mourning the medics after their bodies were recovered. Pic: Reuters

An IDF surveillance aircraft was watching the movement of the ambulances and notified troops on the ground. The IDF said it will not be releasing that footage.

When the ambulances arrived, the soldiers opened fire, thinking the medics were a threat, according to the IDF.

The soldiers were surprised by the convoy stopping on the road and several people getting out quickly and running, the IDF claimed, adding the soldiers were unaware the suspects were in fact unarmed medics.

An Israeli military official would not say how far away troops were when they fired on the vehicles.

The IDF acknowledged that its statement claiming that the ambulances had their lights off was incorrect, and was based on the testimony from the soldiers in the incident.

The newly emerged video footage showed that the ambulances were clearly identifiable and had their lights on, the IDF said.

The IDF added that there will be a re-investigation to look into this discrepancy.

The clip is filmed through a vehicle windscreen - with three red light vehicles visible in front
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The clip is filmed through a vehicle windscreen – with three red light vehicles visible in front

Addressing the fact the aid workers’ bodies were buried in a mass grave, the IDF said in its briefing this is an approved and regular practice to prevent wild dogs and other animals from eating the corpses.

The IDF could not explain why the ambulances were also buried.

The IDF said six of the 15 people killed were linked to Hamas, but revealed no detail to support the claim.

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Bodies of aid workers found in Gaza

The newly emerged footage of the incident was discovered on a phone belonging to one of the workers who was killed, PRCS president Dr Younis Al Khatib said.

“His phone was found with his body and he recorded the whole event,” he said. “His last words before being shot, ‘Forgive me, mom. I just wanted to help people. I wanted to save lives’.”

Sky News used an aftermath video and satellite imagery to verify the location and timing of the newly emerged footage of the incident.

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Aid worker attacks increasing

It was filmed on 23 March north of Rafah and shows a convoy of marked ambulances and a fire-fighting vehicle travelling south along a road towards the city centre. All the vehicles visible in the convoy have their flashing lights on.

The footage was filmed early in the morning, with a satellite image seen by Sky News taken at 9.48am local time on the same day showing a group of vehicles bunched together off the road.

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Volodymyr Zelenskyy takes swipe at US over ‘weak’ comment on Russian attack – as Ukrainian drones strike factory

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Volodymyr Zelenskyy takes swipe at US over 'weak' comment on Russian attack - as Ukrainian drones strike factory

Ukrainian President Volodymyr Zelenskyy has hit out at the US over its “weak” response to lethal Russian attacks on his hometown on Friday.

President Zelenskyy posted a lengthy and emotional statement on X about Russia’s strikes on Kryvyi Rih, which killed 19 people.

Meanwhile Ukrainian drones hit an explosives factory in Russia’s Samara region in an overnight strike, a member of Ukraine’s SBU security service told Reuters.

In his post, President Zelenskyy accused the United States of being “afraid” to name-check Russia in its comment on the attack.

“Unfortunately, the reaction of the American Embassy is unpleasantly surprising: such a strong country, such a strong people – and such a weak reaction,” he wrote on X.

“They are even afraid to say the word “Russian” when talking about the missile that killed children.”

America’s ambassador to Ukraine Bridget Brink had written on X: “Horrified that tonight a ballistic missile struck near a playground and restaurant in Kryvyi Rih.

“More than 50 people injured and 16 killed, including 6 children. This is why the war must end.”

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Strike on Zelenskyy’s home city

President Zelenskyy went on in his post to say: “Yes, the war must end. But in order to end it, we must not be afraid to call a spade a spade.

“We must not be afraid to put pressure on the only one who continues this war and ignores all the world’s proposals to end it. We must put pressure on Russia, which chooses to kill children instead of a ceasefire.”

Grandmother ‘burned to death in her home’

Oleksandr Vilkul, head of the city’s defense council, said the missile attack, followed by a drone attack, had killed 19 people, including nine children.

“The Iskander-M missile strike with cluster munitions at the children’s playground in the residential area, to make the shrapnel fly further apart, killed 18 people.

“One grandmother was burnt to death in her house after Shahed’s direct hit.”

Russia’s defence ministry said it had struck a military gathering in a restaurant – an assertion rebutted by the Ukrainian military as misinformation.

“The missile hit right on the street – around ordinary houses, a playground, shops, a restaurant,” President Zelenskyy wrote.

Mr Zelenskyy also detailed the child victims of the attack including “Konstantin, who will be 16 forever” and “Arina, who will also be 7 forever”.

The UK’s chief of the defence staff Sir Tony Radakin said he had met the Ukrainian leader on Friday, along with French armed forces leader General Thierry Burkhard.

“Britain and France are coming together & Europe is stepping up in a way that is real & substantial, with 200 planners from 30 nations working to strengthen Ukraine’s long term security,” Sir Tony wrote.

The UK and France have spearheaded a so-called “coalition of the willing” – a group of countries that have pledged to help Ukraine secure if a ceasefire deal is reached with Russia.

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Global markets have given Trump a clear no-confidence vote – and his fickleness is making the problem worse

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Global markets have given Trump a clear no-confidence vote - and his fickleness is making the problem worse

Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.

The damage it will do is obvious: costs for companies will rise, hitting their earnings.

The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.

Tariffs latest: FTSE 100 suffers biggest daily drop since COVID

Financial investors had been gradually re-calibrating their expectations of Donald Trump over the past few months.

Hopes that his actions may not match his rhetoric were dashed on Wednesday as he imposed sweeping tariffs on the US’ trading partners, ratcheting up protectionism to a level not seen in more than a century.

FILE PHOTO: U.S. President Donald Trump holds a "Foreign Trade Barriers" document as he delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria/File Photo
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On Wednesday, Donald Trump announced global tariffs, ratcheting up protectionism. Pic: Reuters

04 April 2025, Hesse, Frankfurt/Main: Stock exchange traders watch their monitors on the trading floor of the Frankfurt Stock Exchange while the display board with the Dax curve shows falling prices. US President Trump had issued a huge tariff package against trading partners around the world. The European Union and China have already announced countermeasures. Photo by: Arne Dedert/picture-alliance/dpa/AP Images
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Traders at the Frankfurt stock exchange watched the DAX plummet on Friday. Pic: Picture-alliance/dpa/AP

Markets were always going to respond to that but they are also battling with another problem: the lack of certainty when it comes to Trump.

More on Donald Trump

He is a capricious figure and we can only guess his next move. Will he row back? How far is he willing to negotiate and offer concessions?

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These are massive unknowns, which are piled on to uncertainty about how countries will respond.

China has already retaliated and Europe has indicated it will go further.

Aerial view of a ro-ro terminal for vehicle shipment in Yantai in eastern China's Shandong province, Thursday, April 3, 2025. (Chinatopix Via AP) CHINA OUT
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Vehicles destined for export, like these in Yantai in eastern China, face massive US tariffs. Pic: Chinatopix/AP

Cargo containers line a shipping terminal at the Port of Oakland on Thursday, April 3, 2025, in Oakland, Calif. (AP Photo/Noah Berger)
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Container ports like Oakland in California might expect activity to fall. Pic: AP

That will compound the problems for the global economy and undoubtedly send shivers through the markets.

Much is yet to be determined, but if there’s one thing markets hate, it’s uncertainty.

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